The Economic Trade Adviser from the People’s Republic of China Embassy, Su Jianguo, who will soon have completed two years in Equatorial Guinea, received reporters from www.guineaecuatorialpress.com to talk about the basis of cooperation between China and Equatorial Guinea, since the establishment of bilateral relations and the accompaniment of China in the progress of our country,with emphasis on the training of human resources.
Su Jianguo spoke about the work of the adviser in our country, and declared that he applied the policies of the Chinese Government in the support of the Equatoguinean Government and its people: During the visit made in 2015 by H. E. Obiang Nguema Mbasogo to the Chinese President, H. E. Xi Jinping, the two Heads of State established a training plan for one thousand talented Equatoguineans. Currently, Equatoguineans who travel to China go to receive training under this plan”.
The plan consists in the fact that within five years China will help one thousand talented Equatoguineans, and every year two hundred Equatoguineans must be sent to China to study, on courses such as the one that will shortly begin in Beijing on the free trade treaty, international regulations, and the operation and legal framework for international trade for officials from the Ministry for Trade, Finance, and Foreign Affairs. The aim is to obtain systematic training in order to empower public officials.
Su Jianguo also praised the relations of friendship and cooperation between Equatorial Guinea and the People’s Republic of China. To that end he pointed out that, since Equatorial Guinea’s independence, the People’s Republic of China had always had relations with our country, without interruption: We have a very friendly, unique bilateral relationship, which has remained uninterrupted for almost half a century, meaning that for 47 years the two countries have been like brothers in the same family. We always work to boost economic, trade, cultural, scientific and technological cooperation. We also provide mutual support politically in all matters of bilateral interest, meaning that our relationship could be described as integrated. It is for that reason that, during the visit by President H. E. Obiang Nguema Mbasogo to China and to see the Chinese Head of State, H. E. XI Jinping, the two Heads of State defined relations between China and Equatorial Guinea as an Association of Integrated Cooperation, demonstrating the friendly nature of our relations and their pragmatism, with wide-ranging deep cooperation. We enjoy a wide range of cooperation in almost all sectors”.
The adviser also underlined the importance of the policy of the training of human resources: We have taken measures and continue moving forward, and I also wish to mention the assistance of the Chinese Government for Equatorial Guinea, which is evident in four ways: first the donation of buildings, for example the building of the Ministry for Foreign Affairs, the television headquarters, the pilot Farm in Niefang and, currently, we are looking at the possibility of donating a hospital. There is also another type of donation; that of materials. Two years ago we gave to the Government of Equatorial Guinea 33 vehicles, and also donated medicines, instruments, and medical equipment. Next year we also expect to make further donations. All these donations of materials are destined for Equatoguineans. The other way we provide support is in the maintenance of buildings, and we also have experts in agriculture working on the Niefang pilot Farm, assisting with the transfer of technology and materials for the cultivation of the countryside. Furthermore, we have a training programme in China. For example, this year we have sent Equatoguineans of both sexes, and we will continue to send them to study intensively in China in order to learn the technology”.
During the latest decade, trade relations between the two regions have grown rapidly and for the benefit of the two parties. In 2015, China was the biggest trading partner for Equatorial Guinea. In 2016, the volume of trade between China and Equatorial Guinea reached 780 million dollars (exports, 148 million, and imports, 632 million). The potential is still huge, because the majority of imports are connected to the hydrocarbons sector. Now China is offering preferential policies for Equatorial Guinea, which enjoys 0% tariffs on 97% of its goods entering the Chinese market.
Currently there are three main instruments of finance for Equatorial Guinea, which are the Special Arrangement, Preferential Loan, and Preferential Purchase Credit. With the support of these, a wide range of infrastructure projects such as power stations, roads and buildings have been undertaken in Equatorial Guinea. With the rapid development of Equatorial Guinea in recent decades, the enthusiastic participation of Chinese companies has contributed to the modernisation of the country, including star projects. For example, ZTE has firmed a telecommunications joint venture (GECOMSA), with the Equatoguinean Government, the renewal of the urban electricity network and the expansion of Turbo Gas de Malabo by CMEC, the Sipopo Conventions Centre, the Bata Hotel and University of Bata by China State, the hydro.electric poser station in Djibloho, and the upstream regulation reservoir by SinoHydro, the drainage system for residual water in Malabo by Gezhouba, the expansion of the Port of Bata and a large number of roads by China Road, the new terminal at Malabo airport by WIETC, ministerial buildings and social housing by China Dalian, school camps by Mangrove, etc.
Source: Official Web Page of the Government of the Republic of Equatorial Guinea