{"id":51799,"date":"2024-11-02T14:06:08","date_gmt":"2024-11-02T14:06:08","guid":{"rendered":"https:\/\/new.igihe.com\/rwandan-exporters-to-deepen-trade-ties-at-2024-china-international-import-expo\/"},"modified":"2024-11-05T13:37:30","modified_gmt":"2024-11-05T13:37:30","slug":"rwandan-exporters-to-deepen-trade-ties-at-2024-china-international-import-expo","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/rwandan-exporters-to-deepen-trade-ties-at-2024-china-international-import-expo\/","title":{"rendered":"Rwandan exporters to deepen trade ties at 2024 China International Import Expo"},"content":{"rendered":"

The event, hosted by the Ministry of Commerce of the People’s Republic of China, the World Trade Organization, the United Nations Industrial Development Organization, and the International Trade Center, provides Rwanda with a unique platform to strengthen its foothold in one of the world\u2019s largest markets.<\/p>\n

Since its inception in 2018, the CIIE has been a catalyst for Rwanda’s trade engagement with China, contributing to significant growth in both exports and investment. Rwanda\u2019s Ambassador to China, H.E. James Kimonyo, underscored the importance of the expo in fostering economic ties between the two nations.<\/p>\n

\u201cOur participation in the China International Import Expo is not just about showcasing our products; it\u2019s about building strong bridges for lasting partnerships and opening more doors for Rwandan businesses in one of the world’s largest markets,\u201d he said.<\/p>\n

\u201cThis event symbolizes China\u2019s commitment to global economic cooperation, and Rwanda is seizing the opportunity to deepen its trade relationships,\u201d he added.<\/p>\n

\"Rwandan<\/figure>\n

Rwanda\u2019s participation has seen marked success in previous years, with export values to China increasing from $39 million in 2018 to $131.2 million in 2023. China has also emerged as Rwanda’s top source of Foreign Direct Investment (FDI) over the past five years, underscoring the robust economic partnership between the two nations.<\/p>\n

The 2024 expo will feature a strong presence from Rwanda\u2019s agribusiness sector, with exporters keen to capitalize on China\u2019s demand for high-quality agricultural products. <\/p>\n

The Rwandan delegation, led by Hon. Prudence Sebahizi, Minister of Trade and Industry, aims to secure further investment opportunities while promoting tourism through side meetings, live-streaming events, and roadshows.<\/p>\n

Rwanda\u2019s relationship with China has flourished over the past five decades, culminating in a recent upgrade to a comprehensive strategic partnership, a milestone achieved in September when leaders from both countries met at the Forum for China-Africa Cooperation Summit in Beijing.<\/p>\n

This strengthened partnership reflects the enduring and multi-faceted cooperation between Rwanda and China, spanning education, health, infrastructure, manufacturing, and trade.<\/p>\n

In addition to highlighting Rwanda\u2019s distinctive exports, such as specialty tea, coffee, and chili, the expo offers Rwanda the chance to engage directly with Chinese consumers and e-commerce platforms. <\/p>\n

\"\"<\/figure>\n

\u201cSince 2019, Rwanda has used creative marketing approaches like live streaming to attract e-commerce users in China, which has led to valuable market opportunities for our products,\u201d noted Ambassador Kimonyo.<\/p>\n

The strategic collaboration through initiatives like the Belt and Road Initiative (BRI) and the Forum on China Africa Cooperation (FOCAC) has further solidified China\u2019s commitment to African development.<\/p>\n

As the trade volume between Rwanda and China reached an impressive $551.9 million in 2023, up from $300.1 million in 2019, both nations anticipate continued economic growth and closer cooperation.<\/p>\n

The CIIE provides Rwanda an invaluable platform to showcase its potential and strengthen its economic engagement with China.
\nWith the groundwork already laid through years of bilateral cooperation and strategic investments, Rwandan businesses are set to leverage this expo as a gateway to even greater economic opportunities.<\/p>\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

Rwandan exporters are gearing up to showcase their products on an international stage as they head to the 7th China International Import Expo (CIIE), which will run from November 5th to 10th, 2024, in Shanghai.<\/p>\n","protected":false},"author":135,"featured_media":2000076601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[3135],"hashtag":[],"class_list":["post-51799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-homenews","byline-sam-k-nkurunziza-2"],"bylines":[{"id":3135,"name":"Sam K Nkurunziza","slug":"sam-k-nkurunziza-2","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"contributors":[{"id":3135,"name":"Sam K Nkurunziza","slug":"sam-k-nkurunziza-2","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"featured_image":{"id":2000076601,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile-58.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile-58.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile-58.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile-58.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile-58.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile-58.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/51799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/135"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=51799"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/51799\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000076601"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=51799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=51799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=51799"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=51799"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=51799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}