Home / Knowledge / News / Textiles / China seeks cotton trading cooperation with Tanzania

China seeks cotton trading cooperation with Tanzania

26
Jul '12
To help the Tanzanian cotton farmers who suffered heavy losses due to lack of market for their cotton, the Chinese Government has put forth a proposal for establishing a trading cooperation with Tanzania, Chinese ambassador to Tanzania, Lu Youqing has said.
 
Speaking on the fifth ministerial conference of Forum on China-Africa Cooperation (FOCAC) that recently concluded in China, Mr. Youqing said the Tanzania-China cooperation could prove beneficial for Tanzanian cotton markets. 
 
He mentioned that the National Bank of China is also desirous of supporting Tanzanian farmers in cotton planting and processing, and has already allocated funds for the project.
 
Mr. Youqing said he has invited a Chinese textile firm to invest in Tanzania, and added that the proposed investment by Chinese company would double Tanzania’s cotton production.
 
Tanzanian cotton is considered to be the world’s best cotton as it is free from chemical contamination, he said and stressed on the need for a cooperation model between the Chinese company and Tanzanian farmers. Such a step would also assure permanent market for Tanzanian farmers, he added.
 
China would by all means try to accomplish the China-Tanzania agricultural cooperation target, which involves an overall investment of up to one billion USD, he said.
 
Mr. Youqing said China wishes to share its long accrued technologies and experiences in cotton plantation, seed optimisation, product processing capability and value addition knowledge with Tanzania.
 
China-Tanzania bilateral trade volumes grew from US$ 1.11 billion to US$ 2.15 billion during 2009-2011. If the trade volumes of US$ 770 million between January-May 2012 are added, the bilateral trade volume since 2009 totals US$ 5.7 billion, the ambassador said.
 

Fibre2fashion News Desk - China


Interviews View All

Luke Otten, Wigwam Mills Inc

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Top executives, Textile industry

Top executives
Textile industry

In 10 years' time, everything will have the responsible factor integrated

Top executives, Fashion houses, India

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Yariv Bustan,

Yariv Bustan

Founded in Israel in 2015, Twine Solutions is a tech start-up that has...

Henk-Jan Rohaan,

Henk-Jan Rohaan

The custom-built machineries of Brugman Holland are known for reliability, ...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search