Minister for Trade attends EXIM Bank Conclave for the Africa Association Project in India

A delegation from the Ministry for Trade, led by its head, Antonio Pedro Olivera Boropu, went to New Delhi to attend the 12th EXIM Bank Conclave for the African Association Project, held on 9th and 10th March.

The aim of this Conclave of the India Confederation of Industry and the EXIM Bank of India for the Africa Association Project focussed on the sectors of trade, integration, infrastructure development, finance and consultancy, mining and minerals, agriculture, agro-processing, energy, alternative energy, health, small and medium-sized companies, and the development of human capital.

Within the framework if his visit to the Asian country, the minister, who was accompanied by two experts, held important meetings as developer, with his counterpart from India, Nirmala Sitharaman.

The round of meetings began on 9th at the ministerial headquarters for Trade. In his speech, Olivera Boropu affirmed that the Equatoguinean Government gave special importance to emerging cooperation between India and Africa, given the strategic position of the Asian country as member of BRICS, with the aim of setting up cooperation free of the obstacles inherent in the current system of international trade.

The minister also added that Equatorial Guinea was going through a process of economic diversification, within the framework of the Horizonte 2020 development plan, and mentioned energy, fishing, forestry, livestock rearing, agriculture, mining and tourism as the ideal sectors for investment in the country.

The Minister for Trade proposed a project to create a framework plan for understanding and cooperation, requesting a training course for Equatoguinean experts.

During the audience, the Equatoguinean head of Trade was accompanied by Manuel Mbela Bama Ndong, Equatorial Guinea Plenipotentiary Extraordinary Ambassador to India.

The ambassador was introduced to the Indian Minister for Trade, and began his speech by praising the Indian Government for having accepted the opening of an Equatorial Guinea Embassy in New Delhi. Furthermore, ha passed on a message from the President of the Republic, H. E. Obiang Nguema Mbasogo, in reference to his wish to maintain close bilateral relations at a diplomatic level, in addition to trade, with the Indian people.

The diplomat ended his speech by saying that the doors to the Equatorial Guinea embassy were open to all the people of India and their economic operators.

Finally, the Minister for Trade spoke to thank her Equatoguinean counterpart for attending the conclave, and said that she had taken note of the requests by Olivera Boropu, in order to report to her superiors in order that they take the opportune decisions. Furthermore, she added that for India it was an honour to establish bilateral relations with Equatorial Guinea, as her country wished to strengthen ties with the African continent through cooperation agreements in sectors such as industry, trade, minerals, hydrocarbons and construction, among others.

Before heading back to Malabo, the Minister for Trade held a meeting with entrepreneurs interested in collaborating with the Equatorial Guinea development programme. One of the most important, with more than a century of experience in the construction of bridges, hotels, and emblematic and tourist buildings, was the managing director of the company Shapoor II Pallon/I. The meeting took place in the presence of the Equatorial Guinea Ambassador, Manuel Mbela Bama Ndong.

The entrepreneurs received by the minister explained the services provided by their companies, and expressed their desire to begin operating in the Republic of Equatorial Guinea.

Source: Official Web Page of the Government of the Republic of Equatorial Guinea

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