MOU on Commercial Development Between Zambia and the USA

Press Release visit to Zambia, key initiatives in the MOU include undertaking strategic projects aimed to facilitate increased trade in key sectors and creation of jobs.

Speaking during the signing, Hon. Mulenga said the MOU is as a result of the Republican President, Hakainde Hichilema’s visits to the United States of America and the Minister’s subsequent meeting with the Secretary of Commerce of the Unites States of America, and that this was further cemented by the visit of the Vice President last week.

The Minister indicated that the MOU caters for a wide range of investment sectors including capacity building for SME’s and Technical Assistance for bankable projects.

THE GOVERNMENT of the Republic of Zambia and the Government of the United States of America (USA) have signed a Memorandum of Understanding (MOU) on the development and implementation of commercial projects in Zambia. These commercial projects will be in the energy, manufacturing, agriculture, tourism, transport and infrastructure sectors, among others.

The Zambia – US Commercial Memorandum of Understanding was signed by Minister of Commerce, Trade and Industry, Hon. Chipoka Mulenga MP on behalf of the Government of Zambia and the U.S Secretary of Commerce, Ms. Gina Raimondo on behalf of the Government of the United States of America. As announced by Vice President Kamala Harris during her recent

Meanwhile, Deputy Assistant Secretary for Middle East and Africa in the Department of Commerce, Ms. Camille Richardson who witnessed the completion of the signing on behalf of the U.S Secretary of Commerce indicated that the MOU is focused on how to strengthen business ties between the two countries while increasing the flow of goods and services.

His Excellency, Mr. Michael Gonzales, Ambassador of the United States of America in Zambia indicated that the Memorandum of Understanding will set forth a direction for the commercial engagements, prioritize the key sectors that are critical to Zambia, and catalyze the various elements across the U.S. Government to enable the private sector to flourish, to trade, to invest and to create jobs.

Press Release: https://www.mcti.gov.zm/?p=4506

MOU: https://www.trade.gov/sites/default/ files/2023-04/zambia%20mou%20033023.pdf

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