SECRETARY BLINKEN: Well, just right afternoon, everybody. I’m extraordinarily happy to be joined through Congolese President Tshisekedi, with my pal the international minister as neatly – superb to peer you – and the president of Zambia, Hichilema, with our – additionally my colleague right here nowadays. We have as neatly the minister of trade from each – from Zambia, the vice top minister from the DRC, and the Under Secretary of State for Economic Growth Jose Fernandez, all with us nowadays to signal or witness the signing of a memorandum of figuring out wherein the U.S. will enhance the DRC and Zambia in creating an electrical automobile worth chain.

I actually wish to commend the DRC and Zambia, their governments for his or her management and imaginative and prescient in creating an electrical automobile battery council. This is the long term, and it is occurring in the DRC and in Zambia. The DRC produces greater than 70 p.c of the global’s cobalt. Zambia is the global’s sixth-largest copper manufacturer, second-largest cobalt manufacturer in Africa. Global call for for essential minerals goes to skyrocket over the subsequent a long time. The plan to expand an electrical battery provide chain opens the door for U.S. and like-minded funding to stay extra worth added in Africa. Electric automobiles assist scale back carbon emissions; they enhance the world reaction to the local weather disaster.

This memorandum of figuring out that we are about to signal alerts the enhance through the U.S. Government for what’s a vital mission between those two nations. Different govt companies, USAID, Commerce, the Trade and Development Agency, are exploring technical help for the EV provide chain. Our EXIM Bank, the Development Finance Corporation, will probably be exploring financing and enhance mechanisms for funding in African electrical automobile worth chains.

So that is I believe an vital second to keep in mind of a actually vital initiative for the long term no longer most effective of the DRC and Zambia, no longer just for Africa, however doubtlessly for the global, as greater than the rest we are in combination in fighting the local weather disaster, in combination in creating new renewable assets of power, in combination additionally in development out economies for the long term. This is part of it.

So it is an honor to be with my colleagues so that you could signal, and it is an honor to have the presidents right here to witness the signature.

So with that —

(The MOU was once signed.)

SECRETARY BLINKEN: (Via interpreter) I’ll provide you with the flooring.

FOREIGN MINISTER KAKUBO: Thank you such a lot. The signing of this MOU is actually a mirrored image of the deep friendship between our governments – this is, the U.S. Government and additionally the Government of the DRC – and additionally for us as a rustic, that is strategic. It suits right into a program of us industrializing our nations, and additionally offering jobs, and additionally developing worth chains for what we wish to do in our nation. This additionally deepens the friendship that already exists between the 3 nations, and that is one thing that we wish to actualize in a rush. We wish to get the transactions performed and the putting in of the vegetation briefly, and the worth chains will have to be transparent for our mutual receive advantages. Thank you very a lot.