26 February 2014

Liberia: China Sign U.S.$13.5 M Economic & Technical Cooperation Agreement

The Governments of the Republic of Liberia and the People's Republic of China have signed an Economic and Technical Cooperation Agreement for China to provide gratuitous assistance of 13.5 Million United States Dollars (80 Million RMB Yuan) to Liberia aimed at further enhancing the friendly relations and cooperation between the two countries.

Foreign Minister Augustine Kpehe Ngafuan signed on behalf of Liberia while Chinese Ambassador to Liberia, H.E. Zhang Yue signed for his government.

According to a Foreign Ministry Release, the Agreement, which is valued at approximately 13.5 Million United States Dollars, will be used to cover expenses of projects to be agreed upon by the Governments of Liberia and China.

Speaking at the signing ceremony, Foreign Minister Augustine Kpehe Ngafuan lauded the People's Republic of China for the assistance and stated that the signing of another agreement between the two governments is historic following the appointment of a new Chinese Ambassador to Liberia just few weeks ago.

While thanking the new Chinese Envoy, Minister Ngafuan stated that Liberia looks forward to signing more agreements with China which will bring mutual benefits for the two nations.

"We are happy that you have come with new vigor, and that we at the Foreign Ministry will make sure that your tour of duty will be fruitful and rewarding." The Minister added.

Earlier, Chinese Ambassador, H.E. Zhang Yue, expressed joy over the signing and stated that the Government of China values its relations with Liberia stressing that the signing of this agreement and the recent provision of technical equipment to the Defense Ministry signifies good news for Liberia-China cooperation.

Ambassador Zhang Yue also expressed his government renewed commitment to enhancing cooperation with Liberia and support the country's development program with the aim to assist the livelihood of the Liberian people, adding "we can work together cooperatively with Liberia using our resources to enhance cooperation."

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