ACFIC Vice president Wang Yongqing visits South Africa and Mauritius

Date:2018-11-01 15:25:00

On the invitation from the chambers of commerce and industry from South Africa and Mauritius, Wang Yongqing, vice president of the All-China Federation of Industry and Commerce (ACFIC), led a delegation to visit the two countries from October 23 to 31 with success.

The visit was aimed at carrying out the proposals initiated by the Beijing Summit of the Forum on China-Africa Cooperation (FOCAC), by guiding and helping domestic private enterprises to take part in the Belt and Road construction, strengthening exchange and cooperation with the government organizations and business chambers in South Africa and Mauritius, surveying the investment environment and industrial parks there, and discovering the status of and the problems facing Chinese enterprises during overseas investment. Through summarizing successful experience of overseas investment made by private enterprises, the visiting group wanted to further establish a platform of communication and service for them to go abroad.

Mauritian Prime Minister Pravind Jugnauth met with WangYongqing, vice president of the All-China Federation of Industry and Commerce (ACFIC) on October 29, 2018.

Mauritian Prime Minister Pravind Jugnauth met with Wang and the delegation during their visit. They had an in-depth exchange on bilateral economic development and future cooperation.

PM Jugnauth stressed that Mauritius has a sound legal system and a stable social environment, and that as the financial offshore center of Africa Mauritius has a generally good investment environment with brisk trading. Given that Mauritius and China are going to sign free trade agreement in the future, bilateral economic relations will develop further with new impetus. Mauritius welcomes more Chinese entrepreneurs to come for business development.

Wang said, the private economic sector in China had gained momentum in recent years. Mauritius, with its unique geographical advantage as the threshold of Africa, is very potential in future cooperation with China. The ACFIC is committed to fulfil its role in guiding and helping Chinese enterprises to invest in Mauritius.

During the visit, Wang and the delegation also met with Francois Guibert, CEO of Mauritius Economic Development Board, Barlen Pillay, acting secretary-general of Mauritius Chamber of Commerce and Industry (MCCI), and Kee Chong Li, president of State Bank of Mauritius (SBM), to look into local policy support and financial intermediation service for foreign investors. The delegation also signed a memorandum of cooperation with MCCI, promising to work jointly on providing exchange and cooperation platforms for enterprises.

Besides, the delegation held a forum with local Chinese companies and also visited Hisense’s factory in Cape Town’s Atlantis Industrial Park, Shanxi-Africa economic cooperation zone, Hengtong Group - Aberdare, Star Times South Africa Ltd., Huawei branch in Mauritius and the Bank of China (Mauritius) Limited to learn their development in local industrial parks and their experience.

The delegation also visited Chinese embassies in South Africa and Mauritius, and consulate general in Cape Town and Johannesburg to exchange on how to create good environment and conditions for private companies to go out while mitigating risks.

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