{"id":20358,"date":"2023-08-16T12:03:35","date_gmt":"2023-08-16T12:03:35","guid":{"rendered":"https:\/\/www.africa-press.net\/eritrea\/all-news\/eac-plans-to-host-africa-china-us-business-summit"},"modified":"2023-08-16T12:26:22","modified_gmt":"2023-08-16T12:26:22","slug":"eac-plans-to-host-africa-china-us-business-summit","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eritrea\/all-news\/eac-plans-to-host-africa-china-us-business-summit","title":{"rendered":"EAC plans to host Africa, China \u2013 US business summit"},"content":{"rendered":"

Africa-Press – Eritrea. <\/strong><\/span>TANZANIA, Arusha<\/b> : THE East African Community (EAC) is planning to host the Africa and China \u2013 US Business Summit in 2024.<\/p>\n

This was discussed in a meeting between the EAC Secretary General, Dr Peter Mathuki and the President of the American Chinese CEO Society, Mr Robert Sun.<\/p>\n

Dr Mathuki hosted Mr Sun in Arusha on Tuesday for a discussion on investment opportunities in all EAC partner states.<\/p>\n

The two leaders discussed the EAC\u2019s plans to host the Africa and China \u2013 US Business Summit in 2024.<\/p>\n

The Summit is expected to attract over 500 CEOs and investors from China and the United States seeking investment opportunities in the EAC.<\/p>\n

The SG highlighted the EAC\u2019s strategic geographical location and its expansive market as major investment attractions.<\/p>\n

Dr Mathuki reaffirmed the EAC\u2019s commitment to providing a conducive environment for businesses to operate, adding that the EAC has put in place sufficient legal frameworks that have created a conducive legal environment for investors.<\/p>\n

\u201cEAC has a big market with a population of 283.7 million people, a GDP of 305.3 billion US dollars and low cost of doing business. This presents immense opportunities for business and the region is ready for investment,\u201d said Dr Mathuki.<\/p>\n

\u201cEAC also has immense natural resources. For example, DRC (the Democratic Republic of Congo) alone has a total land area of 2.3 million square kilometres, with 24 trillion US dollars\u2019 worth of minerals that are yet to be exploited,\u201d added Dr Mathuki.<\/p>\n

Dr Mathuki presented to the delegation bankable projects ready for investment across all the EAC Partner States.<\/p>\n

On his part, Mr Sun expressed his interest in bringing investors to EAC and said that he was impressed by the region\u2019s economic potential.<\/p>\n

\u201cA united East Africa, free from trade barriers, will mean business. We are ready to do education and promotion to investors from both China and US and share the opportunity presented by the EAC market. We are looking at investing our resources in hospitality, agriculture, health, real estate, insurance and many more sectors,\u201d said Mr Sun, adding that US President Joe Biden had made a commitment to invest 50 billion US dollars into Africa during his four-year term in office.<\/p>\n

The meeting was a positive step towards promoting investment in the EAC. It is expected to lead to increased trade and economic cooperation between EAC, China and the United States.<\/p>\n

Present at the event were the EAC Deputy Secretary General in charge of Infrastructure, Productive, Social and Political Sector, Andrea Aguer Ariik Malueth, the CEO of the American Chinese CEOs Society, Mr Jerry Shang and the Acting Director Customs and Trade, Ms Flavia Busingye.<\/p>\n

For More News And Analysis About Eritrea<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eritrea. TANZANIA, Arusha : THE East African Community (EAC) is planning to host the Africa and China \u2013 US Business Summit in 2024. This was discussed in a meeting between the EAC Secretary General, Dr Peter Mathuki and the President of the American Chinese CEO Society, Mr Robert Sun. Dr Mathuki hosted Mr […]<\/p>\n","protected":false},"author":84,"featured_media":20357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[242,243,233],"class_list":["post-20358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-eritrea","tag-eritrea"],"yoast_head":"\nEAC plans to host Africa, China \u2013 US business summit - Eritrea<\/title>\n<meta name=\"description\" content=\"TANZANIA, Arusha : THE East African Community (EAC) is planning to host the Africa and China \u2013 US Business Summit ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/eac-plans-to-host-africa-china-us-business-summit\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EAC plans to host Africa, China \u2013 US business summit\" \/>\n<meta property=\"og:description\" content=\"TANZANIA, Arusha : THE East African Community (EAC) is planning to host the Africa and China \u2013 US Business Summit ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/eac-plans-to-host-africa-china-us-business-summit\" \/>\n<meta property=\"og:site_name\" content=\"Eritrea\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-16T12:03:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-16T12:26:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2023\/08\/sm_1692172381.508805.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/eac-plans-to-host-africa-china-us-business-summit#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/eac-plans-to-host-africa-china-us-business-summit\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"EAC plans to host Africa, China \u2013 US business summit\",\"datePublished\":\"2023-08-16T12:03:35+00:00\",\"dateModified\":\"2023-08-16T12:26:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/eac-plans-to-host-africa-china-us-business-summit\"},\"wordCount\":453,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/eac-plans-to-host-africa-china-us-business-summit#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2023\/08\/sm_1692172381.508805.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Eritrea\",\"Eritrea\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eritrea\/all-news\/eac-plans-to-host-africa-china-us-business-summit#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/eac-plans-to-host-africa-china-us-business-summit\",\"url\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/eac-plans-to-host-africa-china-us-business-summit\",\"name\":\"EAC plans to host Africa, China \u2013 US business summit - 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