China and Equatorial Guinea Pledge Closer Development Partnership

China and Equatorial Guinea Pledge Closer Development Partnership

In a significant move to strengthen bilateral ties, China and Equatorial Guinea have pledged to further align their development strategies. On Tuesday, the two nations issued a joint statement underscoring their commitment to deepening cooperation across various sectors.

The statement highlighted plans to jointly prepare and sign a cooperation plan promoting the Belt and Road Initiative. Emphasizing the principles of extensive consultation, joint contribution, and shared benefits, both countries aim to actively advance collaboration and achieve more practical results.

Both sides reaffirmed their support for each other in independently exploring development paths suited to their national conditions. They emphasized that mutual support on issues related to each other’s core interests is crucial for maintaining high-level political trust.

China reiterated its firm support for Equatorial Guinea in safeguarding its national independence and interests in sovereignty, security, and development, firmly opposing interference by external forces in Equatorial Guinea’s internal affairs. In return, Equatorial Guinea reaffirmed its commitment to the one-China principle.

The two nations agreed to expand trade and investment cooperation, deepening ties in areas such as agriculture and fisheries, energy and mining, and infrastructure. Equatorial Guinea expressed its intention to strengthen communication with Chinese enterprises, actively implement existing cooperation projects, and provide favorable conditions for Chinese businesses operating in the country.

China welcomed Equatorial Guinea’s active participation in events like the China International Import Expo, China-Africa Economic and Trade Expo, and the Canton Fair. The nation also supports more high-quality agricultural and fishery products from Equatorial Guinea entering the Chinese market.

Looking ahead, China will encourage more Chinese enterprises to invest in Equatorial Guinea to aid in diversifying its economy, marking a significant step forward in the partnership between the two countries.

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