Our EXIM Bank, the Development Finance Corporation, will be exploring financing and support mechanisms for investment in African electric vehicle value chains. Different government agencies, USAID, Commerce, the Trade and Development Agency, are exploring technical assistance for the EV supply chain. Government for what is a very important project between these two countries. This memorandum of understanding that we’re about to sign signals the support by the U.S. Electric vehicles help reduce carbon emissions they support the global response to the climate crisis. and like-minded investment to keep more value added in Africa. The plan to develop an electric battery supply chain opens the door for U.S. Global demand for critical minerals is going to skyrocket over the next decades. Zambia is the world’s sixth-largest copper producer, second-largest cobalt producer in Africa. The DRC produces more than 70 percent of the world’s cobalt. This is the future, and it is happening in the DRC and in Zambia. I really want to commend the DRC and Zambia, their governments for their leadership and vision in developing an electric vehicle battery council. will support the DRC and Zambia in developing an electric vehicle value chain. We have as well the minister of commerce from both – from Zambia, the vice prime minister from the DRC, and the Under Secretary of State for Economic Growth Jose Fernandez, all with us today to sign or witness the signing of a memorandum of understanding in which the U.S. I am extremely pleased to be joined by Congolese President Tshisekedi, with my friend the foreign minister as well – very good to see you – and the president of Zambia, Hichilema, with our – also my colleague here today. SECRETARY BLINKEN: Well, good afternoon, everyone.
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