BY NED GAGAHE

China has emerged as Solomon Islands’ largest trading partner, with two-way trade surging past US$3.5 billion in just six years since diplomatic ties between the two countries were formalised in 2019.

The major milestone was highlighted by Chinese Ambassador to Solomon Islands, H.E. Cai Weiming, during celebrations marking the 76th Anniversary of the People’s Republic of China (PRC), China and 6 years of bilateral relations with Solomon Islands.

“Over the past six years, bilateral trade volume exceeded 3.5 billion US dollars, of which Solomon Islands exports reached more than 2.3 billion US dollars,” Ambassador Weiming announced during the occasion in Honiara.

A major boost for Solomon Islands has come from China’s zero tariff policy on all Solomon Islands products entering the Chinese market.

This has opened up huge opportunities for local exporters, especially in the forestry, fisheries, agriculture, and mining sectors.

“China has implemented zero tariffs to all Solomon Islands products. This brings real benefits to Solomon Islands businesses and people,” Ambassador Weiming said.

The ambassador also mentioned that the trade data reflects a steady rise in economic cooperation under the Belt and Road Initiative (BRI), of which Solomon Islands is an active participant.

“In just six years, China has not only become a top export destination for local goods but also invested in major national infrastructure, health services, education, and rural development,” he said.

Ambassador Weiming said the trade relationship is part of a “comprehensive strategic partnership” that aims to build mutual prosperity.

Meanwhile, both countries are exploring new areas of cooperation in renewable energy, fisheries processing, tourism, and digital economy.

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