Zambia, Brazil sign pacts to increase trade

Zambia and Brazil have signed a series of developmental pacts aimed at solidifying the two countries’ growing bilateral ties.

 

The developmental agreements were struck at a special event held at State House in Lusaka in the full view f Zambian President Rupiah Banda and his visiting counterpart Luiz Lula da Silva.

The eight agreements will focus on improving corporation, abolish visa requirements, enhance bio-energy support and improve technical education between the two countries.

Lula da Silva is in Zambia as part of his African tour. He heads a huge contingent of Brazilian entrepreneurs and investors.

Commentators say the South American head of state is in Africa to fetch for raw materials to satisfying diminishing sources in his country.

Similar missions to Africa have been undertaken Iranian and Chinese leaders in recent past.

Source: Africa News

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