China keen to increase trade value for Vanuatu
Updated at 3:42 pm on 22 September 2014
New Zealand Radio
The exchange of notes was signed by the Vanuatu minister of foreign affairs, Sato Kilman and the Chinese ambassador in Vanuatu, Xie Bohua.
The first secretary of the Chinese Embassy, Yang Xuhong, says Vanuatu’s products will be exported with a zero tariff rate, and China will also help Vanuatu with training and technology.
Currently, China imports kava, noni and sandalwood but Mr Xuhong says the deal will increase the trade value of the products.
“Vanuatu is one of the least developed countries in the world and the bilateral trade between China and Vanuatu is not balanced. We would like to use this opportunity and we would like to promote Vanuatu exports to China, to encourage the production.”
The first secretary of the Chinese Embassy in Vanuatu, Yang Xuhong.