2023 may 27
China/DR Congo agreements: China insists on respecting signed contracts (Let's have a look how serious China is)
and wants to invest in Congo's battery value chain
“Chinese enterprises to participate in investment in battery value chain development projects”
NEWSECONOMY
China/DR Congo agreements: China insists on respecting signed contracts and wants to invest in Congo's battery value chain
May 27, 2023
Kiki Kienge
By Kiki Kienge
The Congolese Head of State, Félix Tshisekedi has just signed with his Chinese counterpart, Xi Jinping cooperation agreements between their two countries this Friday, May 26, 2023 in Beijing.
According to the Congolese Minister of Foreign Affairs, Christophe Lutundula , the memorandums of understanding are on investment and the ecological exploitation of natural resources, a memorandum of understanding on the exchange and cooperation in matters of information and a memorandum agreement on cooperation in the development of the digital economy.
In particular the promotion of the development of green growth and cooperation between the two national television channels, the CGTN and the RTNC.
SOME PASSAGES FROM THE AGREEMENTS SIGNED BETWEEN THE TWO COUNTRIES
Within the framework of the strategic partnership established by the Joint Commission,
promote cooperation in the field of investment in accordance with the rules of the market and the provisions of the contracts signed in this area.
The two sides are willing to promote high-quality development of investment cooperation between the two countries in accordance with
market principles and the spirit of the contract.
China will encourage more companies to invest in Congo and participate in the construction of infrastructure, in accordance with the plans drawn up for this purpose and promoted by Congo in order to contribute to the diversification and industrialization of its economy.
China will help Congo implement its digital transformation plan, continue to expand investment and financing cooperation with Congo, strengthen mutually beneficial cooperation in agriculture, processing and manufacturing, as well as the exploration, development and transformation of natural resources in order to increase their added value, and support the Congo in achieving self-reliant and sustainable development.
Congo will further improve the business environment, provide favorable conditions for Chinese enterprises to operate in Congo, and help Congo achieve self-reliant and sustainable development and effectively protect their legitimate rights and interests of Chinese enterprises in DR Congo, while
Chinese companies should abide by Congo's laws and regulations.
Congo will regularly assess mining cooperation and consolidate relevant cooperation for the mutual and long-term benefit of both countries.
In the spirit of mutual trust, pragmatism and fairness, problems arising in the course of cooperation should be resolved through friendly consultation.
China will continue to encourage enterprises to accelerate the implementation of agreed infrastructure projects, strengthen mining cooperation with Congo, encourage enterprises to participate in investment in battery value chain development projects in new energy of the Congo, and will support the upgrading of the industrial chain of the Congo and the strengthening of its capacity for independent development.