Liberia and the People’s Republic of China have signed a US$13.5 million Economic and Technical Agreement aimed at covering expenses for projects agreed upon by both countries.
The agreement came shortly after the new Chinese Ambassador, Zhang Yue, took over the embassy near Monrovia.
Foreign Minister, Augustine K. Ngafuan, signed on behalf of the Liberian Government while Ambassador Zhang Yue signed on behalf of his country.
Making remarks during the signing ceremony on February 25, Minister Augustine K. Ngfuan, lauded the People’s Republic of China for its immense contribution to Liberia’s post-war recovery.
Commending the Chinese Envoy, Minister Ngafuan said Liberia looks forward to signing more agreements with China for the mutual benefit of the two nations.
“We are happy that you have arrived with new vigor, and promise that we at the Foreign Ministry will make sure your tour of duty will be fruitful and rewarding.” the Minister added.
Speaking earlier, Chinese Ambassador Zhang Yue noted that China values its relationship with Liberia, acknowledging the recent signing of an agreement for technical equipment for the Armed Forces of Liberia as another significant step to strengthening the ties between the two countries.
Ambassador Yue also expressed his government’s renewed commitment to enhancing cooperation with Liberia and supporting the country’s development programs with the aim to assist the livelihood of the Liberian people, adding “we can work together cooperatively with Liberia using our resources to enhance cooperation.”
Meanwhile, Liberia has over the years benefitted from China’s gestures under the “One China Policy.”
Presently, plans are underway for the construction of a modern ministerial complex, renovation of the Samuel Kanyon Doe Sports Complex, the Monrovia Vocational Training Center and an annex for the National Legislature.
Several reconstruction projects are also being implemented by Chinese companies including CICO and CHICO, with China Union taking over the old Bong Mining Company once operated by the German government before the Liberian civil crisis.