China-Togo Trade Reached $2.3 Billion in January-July 2023

Friday, 29 September 2023 17:14
China-Togo Trade Reached $2.3 Billion in January-July 2023

(Togo First) - Trade between Togo and China stood at $2.3 billion from January to July 2023, up by 14% compared to the same period in 2022. This was revealed last Tuesday, September 26, by China’s Ambassador to Togo, Chao Weidong. 

The Asian diplomat spoke during a reception in Lomé to celebrate the 74th anniversary of the founding of the People's Republic of China. The ceremony was attended by several Togolese officials, including Health Minister Moustafa Mijiyawa, Communication and Media Minister Yawa Kouigan, and former Prime Minister Komi Selom Klassou.

Ambassador Weidong attributed the trade rebound to “more and more Chinese entrepreneurs coming to Togo seeking business opportunities”. Stressing that it was a two-way dynamic, he added that many Togolese entrepreneurs also “went to China to improve cooperation and promote commerce.”

In 2020, when the Covid pandemic broke out, trade between Togo and China dwindled significantly, slightly exceeding CFA2 billion. Since the global economy started recovering, however, the situation has been improving.

Fiacre E. Kakpo

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