The bilateral trade volume between Brunei Darussalam and China reached USD$830 million from January to April this year representing a year-on-year increase of 39 per cent, the Chinese Ambassador to Brunei revealed recently.
During a media reception dinner that was held on Monday, Chinese Ambassador to Brunei Darussalam, Yu Hong shared that Bruneian exports to China have also seen an increase within the same period reaching USD$640 million, an increase of 48 per cent.
Meanwhile, Chinese imports to Brunei reached USD$199 million, an increase of 16 per cent, the foreign envoy shared, noting the wide range of sectors China has invested in Brunei.
“China’s investment has not only extended Brunei’s downstream oil and gas industries improved port operation efficiency, and increased local employment, but also has strongly bolstered Brunei’s efforts in achieving economic diversification, digital Brunei, and healthy Brunei,” Yu explained.
During her opening remarks, she highlighted the economic recovery of both Brunei and China, praising Brunei on its economic growth as the sultanate’s GDP grew by 1.2 per cent compared to the previous year.
“This year, it is projected to expand by 0.8% to 1.6%. We congratulate Brunei on its economic growth despite the challenges posed by the COVID-19 epidemic,” she explained.
The ambassador went on to address the cooperation between Brunei Darussalam and China in response to the pandemic, highlighting Brunei’s “remarkable results” in its pandemic control.
“Thanks to the strong leadership of His Majesty the Sultan, the effective policies of the government and wide cooperation of the public,” she said.
“Since the outbreak, China and Brunei have extended sympathy and support to each other, and carried out effective cooperation,” Yu continued, adding that China has donated 52 thousand doses of Sinopharm vaccines to Brunei.
This act, according to ambassador is “a manifestation of the friendship between the two countries and our leaders, the longstanding friendship and deep mutual trust”.
She went on express China’s commitment towards promoting international vaccine cooperation, with China cooperating with more than 10 countries in vaccine research and development.
The Bruneian | BANDAR SERI BEGAWAN