The Mozambican Institute for Export Promotion (Ipex) aims to attract Chinese enterprises to process and produce goods in the quantity and quality required by the markets, said the president of the institution speaking to Mozambican news agency AIM.

João Macaringue, who was in Macau to take part in the Fifth Ministerial Conference of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries (Macau), which took place on 11 and 12 of this month, noted that the trade balance between Mozambique and China is very unbalanced, and China is “one of the main countries where most of the products we consume come from.”

“Our ability to penetrate the Chinese market remains very low, so we intend to invest in attracting the knowledge they have in manufacturing, processing and export,” said the president of Ipex.

The delegation of Mozambique to Forum Macau, headed by Prime Minister Carlos Agostinho do Rosario, included 14 entrepreneurs from sectors such as agro-processing, tourism, consulting and services.

“All these entrepreneurs each held over three meetings and all reached agreements in principle that at a later stage can give good results,” Macaringue said, adding that “there are clear intentions of doing business with Chinese companies.”

The President of Ipex was also quoted by AIM as saying that the Chinese entrepreneurs concerned are expected to visit Mozambique in order to confirm the business potential promoted by their Mozambican counterparts.

“We have to monitor national entrepreneurs in their interaction with Chinese entrepreneurs to enable them to move ahead with their intentions, especially since the government of Mozambique is calling for industrialisation to add value to raw materials and create more jobs,” Macaringue concluded.

Source: Macauhub