China and Botswana Formalize Economic and Technical Cooperation Agreement
On February 27, 2025, China and Botswana signed a significant agreement on economic and technical cooperation in Gaborone. The agreement aims to deepen collaboration between the nations, which enjoy a historic partnership. Both representatives highlighted the importance of this cooperation for Botswana’s economic growth, supported by a notable increase in bilateral trade. Notably, this year marks the 50th anniversary of diplomatic relations between the two countries.
On February 27, 2025, in Gaborone, the capital of Botswana, China and Botswana formalized an agreement on economic and technical cooperation. The ceremony was attended by Chinese Ambassador to Botswana, Fan Yong, who stated that the longstanding friendship between the two nations has resulted in fruitful collaborations. He emphasized that the enactment of this agreement, alongside initiatives from the 2024 Beijing Summit on China-Africa Cooperation, will enhance multifaceted cooperation between China and Botswana.
Botswanan Vice President and Minister of Finance, Ndaba Gaolathe, commended China’s significant achievements and expressed gratitude for China’s enduring support to Botswana. He conveyed a strong belief that the forthcoming cooperation would positively impact Botswana’s economic growth and improve the welfare of its citizens.
Official statistics indicate a notable growth in bilateral trade between China and Botswana, which reached 710 million U.S. dollars in 2023, a year-on-year increase of 15.7 percent. In the first half of 2024, trade further rose to 419 million U.S. dollars, reflecting a 12.5 percent growth compared to the previous year.
This year marks the 50th anniversary of diplomatic relations between China and Botswana, established on January 6, 1975. Furthermore, the relationship was upgraded to a strategic partnership in September 2024, underscoring the commitment of both nations to strengthen their ties and partnership.
In summary, the recently signed agreement between China and Botswana on economic and technical cooperation represents a significant step forward in their bilateral relationship. Both nations emphasize the importance of deepening cooperation for mutual benefit, especially in light of their historical ties and the ongoing growth in trade. This collaborative effort is anticipated to further bolster Botswana’s economic development and enhance the welfare of its citizens.
Original Source: english.news.cn
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