Namibia, China sign various trade agreements

Namibia, China sign various trade agreements
Photo credits: 
Nampa-Reuters

Namibia and China signed various partnership agreements in areas of trade and economics.
The agreements were signed following a closed-door meeting between Namibian leader Hage Geingob and China's President Xi Jinping.
The first agreement is to renew the agreement on the operation of China's Aerospace Centre in Swakopmund, which President Geingob visited before undertaking his state visit.
The two countries also included talks on the expansion of the Hosea Kutako International airport road, following signing of the agreement while a protocol on inspection, quarantine and veterinarian and sanitary requirements on beef to be exported to China.
The Namibian and Chinese governments started negotiation for beef exports for over a year now as drought experienced in Namibia had an impact on the processs.
According to both presidents, these partnerships are a boost to economic relations between the two countries, and are mutally beneficial.
Finance Minister, Calle Schlettwein also signed a Memorandum of Understanding with China's export-import bank, which is to guide cooperation mechanisms between the two entities.