President Teodoro Obiang Nguema Mbasogo of Equatorial Guinea has showed his country’s commitment to purchase groundnut from The Gambia.
Mr Nguema Mbasogo made the commitment during signing ceremony of four bilateral agreements with President Adama Barrow at his Presidential Palace in Malabo.
The agreements included Joint Communique on the establishment of diplomatic relations between The Gambia and Equatorial Guinea, Cooperation Framework Agreement between The Gambia and Equatorial Guinea, MOU on Diplomatic Consultations between the Foreign Ministries and Agreement on Reciprocal Exemption of visas for holders of diplomatic and service passports. The Cooperation Framework Agreement establishes the Joint Commission for Economic, Commerce, Scientific and Technical Cooperation.
He said Equatorial Guinea has a lot of natural gas, and The Gambia could benefit from their expertise. He added that he would send a ministerial delegation soon after returning to Banjul to start implementing the agreements.
“Equatorial Guinea and The Gambia could leverage each other’s potential for mutual benefit. He said Equatorial Guinea consumes a lot of groundnuts, which it does not produce and can purchase from The Gambia. The development of intra-African trade would save the continent a lot of foreign exchange,” President Nguema Mbasogo said.
President Nguema Mbasogo thanked President Barrow for his participation in the African Union Summit, adding that The Gambia and Equatorial Guinea did not have relations for a long time, noting it is now time for the two to work together.
Meanwhile, President Adama Barrow and his counterpart, H. E. Teodoro Obiang Nguema Mbasogo, President of the Republic of Equatorial Guinea, affirmed the mutual benefits of establishing relations between the two countries would yield. President Barrow said the two countries could gain a lot when they work in partnership to exploit their natural resources for the benefit of their people.
He also thanked President Nguema Mbasogo for his contribution towards ensuring peace prevailed in The Gambia during the political impasse in December 2016. He said The Gambia now has peace and is ready to build a new partnership between the two countries.
