China strengthens trade with Solomon Islands with open-door policy
BY NED GAGAHE
China has reaffirmed its commitment to strengthening trade with Solomon Islands by highlighting the implementation of zero tariffs on all Solomon Islands products exported to China.
Speaking during celebrations to mark the 76th anniversary of the founding of the People’s Republic of China in Honiara recently, Chinese Ambassador Cai Weiming said the arrangement continues to open opportunities for local producers and exporters.
“China is the largest trading partner of Solomon Islands and has implemented zero tariffs to all Solomon Islands products exported to China,” Ambassador Weiming said.
He revealed that over the past six years since the establishment of diplomatic relations, bilateral trade volume exceeded USD 3.5 billion.
Of that, Solomon Islands exports to China surpassed USD 2.3 billion, generating tangible benefits for Solomon Islands’ people and economy.
The Ambassador added that China’s trade policy towards Solomon Islands reflects its principle of a “win-win cooperation” and commitment to support the country’s economic growth.
Local exporters of timber, fish, agricultural produce and other products are among those gaining from tariff-free access to the world’s second-largest economy.
Ambassador Weiming said the trade partnership is part of a broader framework of cooperation between the two countries, covering infrastructure, health, education, and people-to-people exchanges.
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