This post was last edited by at 2021-07-23

Situated on the African continent near the Indian Ocean, the Republic of Mozambique is a natural gateway to four landlocked countries. It has rich natural resources, fertile farmland, plenty of water, ports and other services. The country has huge processing and export potential for coal, marble, ruby, heavy sand, processed wood, liquefied natural gas, etc.


Mozambique has maintained good relations with China over the years. In recent years, Mozambique has continuously increased investment in infrastructure, improved the business environment, vigorously developed tourism and encouraged the development of mineral resources, energy, agriculture, forestry and fishery resources, thus maintaining steady economic growth.

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On July 20, 2021, the republic of mozambique's ambassador to China, maria Augusta tile accept in Beijing for the China trade news reporter interview, she said, mozambique is the implementation of the national economic development strategy (2015-2035), by the policy of the livelihood of the people of press close to, reasonable distribution of income, to the whole country to ensure economic and social development. The goal is to achieve a structural transformation of the economy and diversify production to improve living standards. To make Mozambique a competitive, middle-income and sustainable country. In formulating its economic development strategy, Mozambique recognized the need for an integrated approach to the development of various sectors of the economy in order to achieve sustainable growth and prosperity. The economic structure needs to be transformed into a competitive and diversified economy based on an inclusive and sustainable growth model. Therefore, Mozambique's economic development strategy highlights the key role of industry and technology in the process of economic modernization, rational use of natural and human resources, sustainable development, and further improvement of the business environment and services.


Maria Gustava noted that given mozambique's comparative advantage, the government has prioritized agriculture, tourism, infrastructure, energy, and oil and gas. Chinese companies are welcome to invest in these areas and to invest more in agricultural processing. In the field of agricultural development, the government has identified 15 strategic value industrial chains, seven of which are priority areas, including rice, tubers, poultry, fruits, flowers, beans, meat processing, etc.


Maria Gustava noted that mozambique is building many large and medium-sized projects such as electricity, water and land transportation, housing and logistics infrastructure, especially in areas with large natural resources. For example, nacala Airport City project, a lot of auxiliary infrastructure is planned around the airport, including hotels, residential areas, shopping centers, etc. Card teng bei city construction projects, is currently planning the public areas of the 1 square kilometers, an area of 1.9 square kilometers of industrial and logistics area, an area of 0.5 square kilometers area, tourism and hotel trade and service area and the area of 3.3 square kilometers in the residential area of 9.5 square kilometers, companies to participate in the project welcome infrastructure construction, industrial enterprises settled in are also welcome.


On the energy front, the world's leading research institute estimates that the LNG project will place Mozambique in the top 10 suppliers of LNG globally, with revenues of $95 billion over the next 25 years, according to Bloomberg.


Maria Gustava says Mozambique's open policy has created a favorable business environment for foreign investors. The development of the first offshore region will drive substantial overseas direct investment and achieve the vision of macroeconomic stability by enhancing currency stability and controlling inflation.

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Maria Gustava explained that in order to provide better facilitation services to foreign investors, the Government of Mozambique had established the Agency for Investment Promotion and Export (APIEX), which was tasked with promoting public facilitation and private investment and exports in accordance with the objectives and objectives of the Government's economic policy. APIEX assists investors in the approval and implementation of investment projects, advising on customs, tax and specific legislation. APIEX coordinates with various institutions to ensure that all assets of investors are safe and their legitimate rights and interests are protected by law. Any expropriation must be in the national interest, with legitimate motives and fair compensation.


According to Maria Gustava, Mozambique has a sound legal system. The government has enacted an Investment Code to encourage and promote foreign investment in the country, and has given a number of incentives. The Land Law, the Labor Law, the Law on Cooperation between Government and Social Capital, the Environmental Law, the Petroleum Law, the mining Law and the Foreign Exchange Law also provide rules for foreign companies to follow in investing in Mozambique.