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(HERALD) Zimbabwe Equatorial Guinea sign special co-operation deals

Zimbabwe Equatorial Guinea sign special co-operation deals
Wednesday, 11 January 2012 00:00
Assistant News Editor

ZIMBABWE and Equatorial Guinea yesterday signed a Memorandum of Understanding on Special Co-operation that will create mechanisms for bilateral co-operation and debt settling.

An Equatorial Guinea delegation arrived ahead of their President Teodoro Obiang Nguema's official visit. President Nguema left Harare yesterday afternoon and was seen off by Acting President John Nkomo, service chiefs and several Government officials at the Harare International Airport.

The MoU, signed by Acting Foreign Affairs Minister Nicholas Goche and Equatorial Guinea's Mines, Infrastructure and Energy Minister Marcelino Owono Edu, seeks to boost mutual understanding and co-operation between the two countries.

It also seeks to enhance development and strengthen the existing friendly relations and review co-operation in the oil sector.
The MoU will develop co-operation in capacity-building for Equatorial Guinea and promotion of investments and joint ventures.

Zimbabwe and Equatorial Guinea agreed to develop programmes in education and training, public administration, defence and security, support for Equatorial Guinea's industrialisation programme, agriculture, agro-industry and livestock production.

The two countries agreed to set up specific projects in mining, infrastructure development, communication and commerce. Technical experts from both countries will develop programmes and projects for consideration as a matter of urgency.

Equatorial Guinea requested a comprehensive list of consumer goods produced in Zimbabwe. Minister Goche hailed the MoU signing as an indication of firming relations between the two countries.

"Zimbabwe is fully committed to the implementation of the MoU and we are looking forward to corresponding visits by our officials to push forward its implementation."
Minister Owono Edu urged both countries to work hard towards the full implementation of the MoU.

"It is now up to us to put together what we have into practice," he said.

Labels: TRADE

posted by MrK @ 7:36 PM