Ministers from Rwanda and the DR Congo on Saturday, June 26, signed three key bilateral agreements as the two countries look to further enhance trade and diplomatic ties.

This happened during a bilateral meeting held between President Paul Kagame and his host, Félix Tshisekedi, at the Goma Serena Hotel, in Goma, capital of DR Congo's North Kivu Province.

A bilateral investment treaty, a double taxation avoidance agreement, as well as an MoU on a mining concession, were the three agreements signed by the two countries' Ministers and witnessed by their respective Presidents at the hotel located on the shores of Lake Kivu.

The agreements were signed shortly after the two leaders held a tête-à-tête that lasted nearly an hour, inside a white tent.

Afterward, the presidents held a joint press conference in which they emphasised the need for enhanced bilateral cooperation for the benefit of the two countries' people.

Kagame said they had broad and productive exchanges on issues that will benefit their respective citizens.

"We signed a number of agreements and I believe this is just the beginning. There are many areas in which we can cooperate to build a solid relationship, but also a basis for cooperation," Kagame said.

Among others, Tshisekedi noted that they are keen on checking non-tariff barriers and fraud in an effort to improve cross-border trade.

Kagame was on Saturday received by Tshisekedi, in Goma, as he paid a reciprocal visit following the latter's visit to Rubavu, Rwanda.

On Friday, Tshisekedi was received by Kagame at La Corniche One-Stop Border Post. The two Heads of State then proceeded to tour the City of Rubavu and assess damages caused by recent earthquakes which followed Nyiragongo volcanic eruption. 

In Goma, the Presidents also visited areas damaged by the Nyiragongo volcanic eruption before they held bilateral talks. 

Mount Nyiragongo in eastern DR Congo, is one of the world's most active volcanoes. It erupted last month, sending panicked residents of the city of Goma fleeing to other places in their country as well as into Rwanda.

Last month, an evaluation of the situation by the Rwanda Environment Management Authority (REMA),  following the eruption of Nyiragongo, ruled out an explosion of gas on Lake Kivu.

Strategic trading partner

The DR Congo is Rwanda’s strategic trading partner, being the main destination for Rwanda’s informal exports.

In the recent past, both countries have been, among others, exploring opportunities for joint investment projects and strengthening trade of goods and services between the two countries.

Early last year, President Tshisekedi met Rwanda's then Minister of Trade and Industry, Soraya Hakuziyaremye, along with Foreign Affairs Minister, Dr. Vincent Biruta, in Kinshasa, to discuss ways in which the countries can increase their economic and trade ties. 

Discussions at the time were in line with the vision shared by President Kagame that Intra-African trade be pursued in view of the African Continental Free Trade Area (AfCFTA) start of trading launched earlier in January 2021.

Before the Covid-19 pandemic hit, trade between Rwanda and DR Congo had been growing at a double-digit rate, annually, since 2012.

In April 2019, national carrier RwandAir launched its maiden commercial flight to DR Congo's Kinshasa's Ndjili International Airport boosting business and strengthening commercial ties between the two countries.

Read more at https://www.newtimes.co.rw/news/rwanda-congo-sign-three-bilateral-agreements