China and Botswana Strengthen Economic Ties with New Cooperation Agreement
On February 27, 2025, China and Botswana signed an agreement for economic and technical cooperation in Gaborone, enhancing their longstanding partnership. Chinese Ambassador Fan Yong and Botswanan Vice President Ndaba Gaolathe discussed the positive impacts of their collaboration, noting increased bilateral trade. This year marks the 50th anniversary of diplomatic relations between the two countries, further solidifying their strategic partnership.
On February 27, 2025, an agreement focusing on economic and technical cooperation between China and Botswana was signed in Gaborone, the capital city of Botswana. Chinese Ambassador to Botswana, Fan Yong, emphasized the longstanding and robust friendship between the two nations, noting the fruitful outcomes from their collaboration. He expressed optimism that this agreement would strengthen ties across various sectors in light of prior agreements established during the Forum on China-Africa Cooperation.
Botswanan Vice President and Minister of Finance, Ndaba Gaolathe, lauded China’s significant development strides and expressed gratitude for its enduring support to Botswana. He conveyed hopes that the partnership would enhance Botswana’s economic growth and the welfare of its citizens. Official statistics indicate that bilateral trade between China and Botswana reached 710 million U.S. dollars in 2023, representing a 15.7 percent increase compared to the previous year. Moreover, trade continued to prosper in the first half of 2024, amounting to 419 million dollars, which reflects a year-on-year growth of 12.5 percent.
This year marks a significant milestone, as it celebrates the 50th anniversary of diplomatic relations between China and Botswana, initiated on January 6, 1975. Furthermore, the relationship has evolved into a strategic partnership as of September 2024, indicating a commitment to advancing bilateral cooperation and understanding.
In conclusion, the signing of the economic and technical cooperation agreement between China and Botswana heralds a new chapter in their historic partnership. With a solid foundation of trade growth and a shared vision for future collaboration, both nations are poised to enhance their relations further, benefiting their respective economies and populations. The 50th anniversary of diplomatic ties underlines their commitment to mutual support and development.
Original Source: english.news.cn
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