Ghana and Zambia have signed agreements to strengthen investment and trade cooperation between the two countries. The agreements were signed during a recent visit by Ghana’s President, Nana Akufo-Addo, to Zambia.
The countries have agreed to establish a joint Permanent Joint Commission for Cooperation to foster closer collaboration in various sectors such as trade, investment, agriculture, mining, education, and tourism. The commission will serve as a platform for regular consultations and the implementation of agreed-upon projects.
The deal also includes the signing of a Bilateral Investment Treaty (BIT) and an Agreement on the Avoidance of Double Taxation. These agreements aim to protect and promote investments between the two countries by providing legal frameworks that ensure fair and equitable treatment for investors.
Furthermore, the two nations have agreed to explore potential areas of cooperation such as renewable energy, infrastructure development, and the exchange of technical expertise. They also plan to facilitate trade by addressing non-tariff barriers and enhancing support for small and medium-sized enterprises.
Both Ghana and Zambia expressed their commitment to deepening their economic partnership and broadening areas of cooperation beyond traditional sectors. The agreements are expected to promote a more conducive business environment, attract investment, and boost trade between the two nations.
Overall, these agreements mark a significant step in strengthening the bilateral relationship between Ghana and Zambia and provide a foundation for future economic cooperation and collaboration.