Zambian minister sees bright future of Zambia-China economic zone

08:35, November 06, 2009      

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Zambian Commerce, Trade and Industry Minister Felix Mutati is confident that the Zambia-China Economic and Trade Cooperation Zone (ZCCZ), the country's first ofits kind, is being constructed well with a bright future.

The ZCCZ, which Zambians call Chambishi Multi-Facility Economic Zone (CMFEZ), is the first overseas economic and trade cooperation zone set up by China. It marks the fulfilment of one of the commitments by China at the Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) in 2006.

"Although Multi-Facility Economic Zone is a new kind of concept to Zambia, we believe we can benefit from China's achievement and its experience in developing Multi-Facility Economic Zones, " Mutati told Xinhua in an recent exclusive interview.

Mutati said CMFEZ was launched in February 2007, and that it has attracted 13 companies to set up base in the zone with an investment of more than 800 million U. S. dollars in the past two years, creating more than 4,000 jobs for Zambia people.

"I went to China to have a visit of the Multi-Facility Economic Zones in China this July. Their achievements shocked me, and made me become more confident that the CMFEZ in Zambia will surely be a success, " Mutati said.

The minister told Xinhua that the Zambian government has put the plan of the construction of the road linking the Lusaka International Airport with CMFEZ Lusaka Sub-Zone into the suggestion of the 2011 budget, which shows the Zambian government's firm support to the development of CMFEZ.

Mutati also promised that the Zambian government will consider revising the relevant regulations and laws to facilitate the development of CMFEZ.

"At this year's China Xiamen Trade Fair, I've seen a lot of Chinese companies show their interest to invest in Zambia, especially in CMFEZ. I want to tell you here that Zambia warmly welcome you," Mutati said.

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