Some of the Chinese businessmen at the trade fair
A FOUR-day trade and investment fair aimed at promoting trade between Ghanaian businesses and their Chinese counterparts yesterday opened at the Ghana International Trade Fair Centre in Accra.
The exhibition is to offer a platform for Ghanaians and Chinese business operators to come together to showcase their goods and services for mutual benefits of the two economies.
The Chief Director of the Ministry of Trade and Industry, Nii Ansah-Adjaye, in a speech, called on businessmen and stakeholders to use the occasion to establish cordial relationship with the Chinese businessmen who have thronged the country in their numbers to partake in the fair.
“Trade between Ghana and China has been increasing over the years. In 2009, there was an increase of US$613,083,230. It increased to US$731,883,984 in 2010 and also US$1,109,427,949 by the end of the first half of 2011,” he said.
He noted that Ghana offered very generous investment incentives including guarantees against expropriation, which were provided for under the Ghana Investment Promotion Centre Act and the Ghana Free Zones Boards Act.
The third Ghana-Hubei China Trade and Investment exhibition is being organized by the China Council for the Promotion of International Trade Hubei Sub-Council (CPPCC), Ghana National Chamber of Commerce and Zoomlion Ghana with sponsorship from the Government of the Hubei Province and Ghana’s Ministry of Trade and Industry.
The exhibition is expected to create a platform for companies from the Hubei Province of China to explore areas of collaboration with their Ghanaian counterparts in various business areas.
These include light industry, furniture, household appliances, mechanical and electrical products, hardware and building materials, agricultural machinery, auto parts, shipbuilding and maintenance, power generation equipment, medical equipment, solar water heater and solar energy products.
In all, over 89 businesses from the Hubei Province, one of China’s industrial and agricultural productions, base with eight large industries in the automobile, electric power, petrochemical, food, textile and equipment manufacturing are expected to participate in the fair.
Seth Adjei Baah, president of the Ghana Chamber of Commerce and Industry (GCCI), on his part, stressed that it was important for business operators from Ghana and China to have the opportunity to interact and also exhibit their goods and services.
He noted that Ghana and China had maintained diplomatic ties since 1960 and had exchanged high level official and trade visits.
“As the world globalizes and trade and non-trade barriers are progressively being dismantled, it is of essence that we open up and increase trade among ourselves through exhibitions like this,” he said.
Chairman of CCPIT, Zhon Caijuan, said Ghana had become an attractive destination for investment as a result of its conducive environment and relatively perfect infrastructure.
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