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The Chamber of Commerce of East Africa Commercial and Logistics Center signed a memorandum of economic and trade cooperation framework agreement with Wendeng District Government
Reading times:346  Update time:2022-11-07

On June 17th, the signing ceremony of the memorandum of economic and trade cooperation framework agreement between the Chamber of Commerce of East Africa Commercial and Logistics Center and Wendeng District People's Government was held. The signing ceremoney was held online through video connection. Mr. Kairuki,Tanzanian Ambassador to the PRC, Paul Coy, President of Tanzania Industry and Agriculture Association, Wang Xiangyu, President of the Chamber of Commerce of East Africa Commercial and Logistics Center, Qiao Xinyue, Wendeng Secretary of District Party Committee, Liu Chao, Standing Committee member of the District Party Committee and deputy district head, and Liu Zhaolei deputy district head attended the ceremony


The Chamber of Commerce of East Africa Commercial and Logistics Center is a business association organized by EACLC LIMITED located in Tanzaniaestablished by Huatan Supply Chain Management Co., Ltd.  At present, about 4,000 companies have joined the Chamber of Commerce, hoping that they can have a better development and get more business opportunities through the platform of East Africa Commercial and Logistics Center Chamber of Commerce.


Mr. Kairuki, Tanzanian Ambassador to the PRC, congratulated the signing of the memorandum of economic and trade cooperation framework. He said that this was the latest proof of win-win cooperation under the framework of the Forum on China-Africa Cooperation and the "the Belt and Road" Initiative. “I am glad to see that our common goal-the establishment of the East Africa commercial and logistics center is coming to realize. I believe it will become an effective platform and propeller for the development of bilateral trade. Let us continue to work together to write a new chapter of friendly cooperation with mutual benefit.”


Qiao Xinyue said in his speech that in recent years, Wendeng District had actively implemented the "the Belt and Road" initiative and continuously expanded its economic and trade cooperation with African countries. Especially since Huatan Supply Chain Company entered Tanzania, it accelerated the construction of East Africa Commercial and Logistics Industrial Park. With the oversea warehouse and cross-border e-commerce platform project landing, local employment rate and economic development had been improved greatly. This is a result of bilateral economic and trade exchanges cooperation. Last year, the total trade volume between Wendeng District and African countries increased by 215%, and the total trade volume with Tanzania exceeded 100 million yuan for the first time. This signing of memorandum will further strengthen the economic and trade exchanges between Wendeng and Tanzania and promote the cooperation between the two sides into a new stage.

Wang Xiangyu, president of East Africa Commercial and Logistics Center Chamber of Commerce, also said that East Africa Commercial and Logistics Center Chamber of Commerce would actively integrate the resources of the Chamber of Commerce, help enterprises have a better development, and provide more convenient channels and platforms for bilateral economic and trade cooperation.

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