Latest News:  

English>>Foreign Affairs

China to strengthen ties with Uganda (2)

By Li Xiaokun and Zhao Yanrong (China Daily)

14:28, July 04, 2013

Tremendous benefits

Mbabazi said his country expects to deepen partnership with China and looks to greater achievements in the development of ties. Vice-President Li Yuanchao also met Mbabazi on Tuesday.

Uganda has seen tremendous benefits from its relationship with China in recent years, according to a report published in January by the Washington-based Jamestown Foundation.

The report said China waived Uganda's $17 million debt accrued from loan interest before 2005, and agreed to provide a financial grant of $6.8 million. China also granted tariff-free and quota-free treatment to more than 400 Uganda commodities.

According to figures from the Uganda Investment Authority, the total planned investment from China in Uganda in 2012 was $86.4 million, making China the fourth-largest international investor in the country.

Trade volume was $538 million in 2012, a surge of 34.7 percent from the previous year, according to the Chinese Foreign Ministry.

"China has scaled up aid to Africa over the last 10 years, making it a formidable force on the continent. China's assistance — based on friendship, mutual respect and South-South cooperation — is fast, easy and effective," the Jamestown Foundation report said. China is the world's largest developing economy, while most African countries, such as Uganda, are facing the challenges that China has already experienced, said Zhao Yali, China's ambassador to Uganda. "Therefore, China understands those countries and can meet their requirements better," he said.

About 80 percent of young people in Uganda cannot find jobs, making unemployment a major challenge for the country's development, Zhao added.

According to official figures, Chinese enterprises in Uganda provided 28,000 jobs to local people from 1993 to 2011. "More Ugandan students are studying Mandarin. As long as they understand the language, it is easier for them to find a job at Chinese companies," Zhao said.

【1】 【2】


We Recommend:

A forward thrust in Sino-US relations

New media tells'Chinese foreign affairs story'

Xi, Obama meet for first summit

No tolerance for rogue behavior on dispute

Poverty elimination remains important task

China is victim of hacking attacks

Email|Print|Comments(Editor:ZhangQian、Yao Chun)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. China's main warships to take part in drills

  2. Chinese fleet conducts formation exercise

  3. Egypt army topples president

  4. Zoo animals searches coolness in summer

  5. Man swims in flood to deliver food for wife

  6. Audition for dating with rich

  7. Fascinating display of Shanxi crafts

  8. Li Na ousted by Radwanska

  9. Diagnose crisis of China's solar sector

  10. Chinese grads' offbeat jobs

Most Popular

Opinions

  1. Hot weather brings wave of health problems
  2. Wealthy individuals 'see education as asset'
  3. Unite to prevent violence against women
  4. Dogs are the responsibility of their owners
  5. Pakistani PM's China trip to boost economic co-op
  6. Chinese company looks to take a bite out of Apple
  7. PwC: HK IPOs expected to boom this year
  8. Abe's 'values diplomacy' goes against the grain
  9. New features of the 5th Cross-Strait Forum
  10. Six questions about China’s space lecture

What’s happening in China

Man swims in flood to deliver food for pregnant wife

  1. Air China to test in-flight Wi-Fi
  2. China boosts handling of nuke emergencies
  3. 32 endangered birds released into the wild
  4. Summer heat wave sweeps across China
  5. Dad still doubted son's death after 56 phone calls