Cabinet ratifies investment pact with China

Cabinet ratifies investment pact with China

The cabinet resumed weekly sitting with a ratification of the agreement on economic trade between South Sudan and China.

In a meeting chaired by President Salva Kiir on Friday, the ministers listened to the presentation of the minister of justice and constitutional affairs, Ruben Madol, before making the decision.

Speaking to reporters after the meeting, government spokesperson Michael Makuei said the agreement was signed in November 2011 but it could not be presented for ratification due to some reasons.

“Today the economic trade agreement was presented to the cabinet, and the cabinet ratified the agreement with effect from today and passed it,” he said.

In 2011, the People’s Republic of China expressed its readiness to invest in South Sudan after declaring its independence.

The announcement came in a meeting with the current First Vice President, Riek Machar, and a visiting delegation from China’s Ministry of Foreign Affairs.

The areas of investment will include physical infrastructure, hydroelectric energy, agriculture, and education, among others.

Last year, the South Sudan government and a Chinese company inked an agreement for the building of the Nimule Dry Port Project.

The agreement was signed between the South Sudan Ministry of Transport and China Communications and Construction Company under the watch of President Salva Kiir in Johannesburg, South Africa.

According to the Presidential Press Unit, the Chinese company will also construct a presidential terminal at Juba International Airport, as well as an apron and an air traffic management system.

President Kiir appreciated China’s assistance with South Sudan’s development goals.

Meanwhile, the Chairperson of China Communications Construction Company, Wang Tongzhou, stated that China is determined to deepen bilateral cooperation with South Sudan in trade, investment, and infrastructure development.

South Sudan and China have cordial diplomatic relations as well as trade ties.