Mumbai: China has set up the first special economic
zone in Zambia, as part of its efforts to fulfill its
promise to boost its full-fledged economic cooperation
with African nations.
The Zambia-China Economic and Trade Cooperation Zone
in the Zambian capital Lusaka was inaugurated jointly
by Chinese president Hu Jintao and his Zambian counterpart
Levy Patrick Mwanawasa.
The economic and trade cooperation zone in Zambia would
help China tap local mineral resources and boost trade
ties with the African continent.
said his government encourages and supports competent
Chinese enterprises to invest in the zone and make contribution
to Zambia''s economic development and social progress.
aim of my African tour is to consolidate the traditional
friendship between China and Africa, implement the results
achieved at the Beijing summit of FOCAC, expand pragmatic
cooperation and seek common development," news
agencies quoted him as saying.
his part, Zambian president Mwanawasa pledged to further
improve the investment environment and hoped that more
Chinese and foreign enterprises will settle in the zone.
This, he hoped would bring along know-how and expertise
necessary for the development of the special economic
zone and Zambian economy in general.
At the Beijing Summit of the Forum of China-Africa Cooperation
(FOCAC) last November, China had promised certain specific
measures to strengthen its economic co-operation with
the African countries. These included the establishment
of three to five trade and economic cooperation zones
in Africa in the next three years.