The deal was inked between Chamber of Rwanda Farmers working under the Private Sector Federation, and Farmers-Concessioners Association for Development in DR Congo on Thursday.
Under the deal, the parties committed to cooperate in promoting cross-border trade through sharing of market information for agricultural products.
They also committed to share expertise and facilitate joint investment in agribusiness.
In DR Congo since Wednesday, the Rwandan delegation included about 50 individual traders, companies and members of agribusiness cooperatives.
The deal is expected to formalize cross-border trade between Rwanda and DR Congo, coming weeks after Rwandan President Paul Kagame met with his DR Congo counterpart Joseph Kabila in the border town of Rubavu.
The business mission to Congo also featured a mini exhibition to showcase Rwandan products, and business to business meetings.
“It’s a great opportunity for us as Rwandan farmers,” said Christine Murebwayire, the head of Rwanda’s chamber of farmers, after the signing ceremony.
Latest figures indicate informal exports and imports between Rwanda and DR Congo stands at about 47 million U.S. dollars and 21 million U.S. dollars, respectively. Enditem
Source: Xinhua/News Ghana