Zimbabwe China Trade Agreements

He said Zimbabwe and China were also considering trade, especially at a time when trade relations between China and the United States of America are frosty. Minister Moyo said that while the tense relations between the two are unfortunate, Harare believes it can fill this gap and increase the volume of trade with China. China became the largest buyer of Zimbabwean tobacco with the purchase of more than 13,000 tonnes of tobacco between January and October 2007. Zimbabwe`s trade deficit with China was $189 million in the first half of 2007; Zimbabwe exported $16 million worth of goods to China. [3] Since June 2004, the Zimbabwean government has also purchased large quantities of military equipment from China, including a $13 million radar system, six JL-8 aircraft, 12 Thunder JF-17 fighter jets and 100 military vehicles. [1] The national airline Air Zimbabwe has also increased its recruitment of Chinese-language flight attendants and the training of existing Chinese air hostesses, and Zimbabwe, which is on the official list of authorized tourist destinations in China, aims to increase the number of Chinese tourists from 10,000 to 25,000. [1] [4] Trade is often driven to trade because Zimbabwe does not have a strong currency. China is particularly interested in supplying Zimbabwe with platinum. [5] Zimbabwe`s “Look East” policy, which aimed to develop bilateral and trade relations and give priority to investors not only from China, but also from Malaysia, Singapore, Vietnam, Japan, South Korea, India and Russia, has increasingly focused on China, excluding other countries.

The Forum for Africa-China Cooperation reports that Mugabe`s 2006 visit to China took place for the 11th time. [11] There are no official visits by Mugabe to China in 2008 and 2009. The 12th and 13th visits took place in 2010 and 2011. Mugabe visited China in August 2014. The People`s Republic of China (PRC) said that the foreign policy of non-interference in the internal affairs of countries had made it a popular foreign policy partner in Harare. [12] Harare – Zimbabwe and China have signed a currency exchange agreement following a visit by Chinese Foreign Minister Wang Yi to Harare to strengthen trade between the two countries.