Uganda- China Trade Up Fivefold

The volume of trade between Rwanda and China multiplied five-fold between 2005 and 2009, resulting into direct investment of Chinese companies in mining, ICT, tourism, and other key sectors of the Rwandan economy.

This was said yesterday by Rwanda Ambassador to China, Francois Xavier Ngarambe, in a press conference at the Rwandan Embassy in Beijing.

The envoy commended the relationship between the two countries, saying that by the end of 2010, China had completed more than 30 key investment projects in priority areas of Rwanda’s development.

“Cooperation with China and the philosophy behind it, is based on mutual respect, non interference in internal matters, mutual benefit and no stringent conditions,” said Ngarambe.

The Ambassador also briefed journalists on the current socio-economic and political progress of Rwanda, particularly the strides made towards achieving the Millennium Development Goals as well as the rule of law and good governance.