Focac Agreement

The China-Africa Economic Conference, organized by the China Council for the Promotion of International Trade (CCPIT- a MOFTEC- affiliate- a MOFTEC) and organized at the same time as FOCAC, was specifically aimed at boosting China-Africa trade and investment. CCPIT facilitated the signing of 20 agreements worth $460 million, involving 17 Chinese companies in 17 African countries. In addition, CCPIT has organized Chinese trade shows in African markets, considered priorities such as Egypt, Nigeria, Kenya and South Africa. The aim was to significantly boost trade with these key countries in order to develop trade relations with other African countries. [See Appendix I to a detailed review of the Ethiopian FOCAC conference.] Successful meetings, since more than 200 cooperation agreements have been signed or signed between the various partners. „This shows the dynamism of our economic relations with the continent,“ Chinese Vice Trade Minister Qian Keming said at the closing meeting. The fact is that cooperation must be continued through FOCAC. Growth in African economies must pick up as quickly as possible, both to fight COVID19 and to resume the fight to achieve the UN Sustainable Development Goals, which should be a major road to Africa before Covid19. I would like to remind this audience that if China is a great source of inspiration for Africa in the fight against poverty, with an average of 20 million people coming out of poverty each year, if Africa as a whole wants to achieve the SDGs by 2030 – 40 million , that is double the amount that China must get out of poverty each year. Through FOCAC, China may be Africa`s main partner, but it will decorate many more instructions from African leaders, African organizations like the AU, to move it forward. Africa now has the African Continental Free Trade Agreement – other transnational institutions are planned over the next ten years.

FOCAC is an opportunity to accept it, to listen actively, to actively support African leaders and progress. Source: Young Africa. Original article: More than 200 cooperation agreements have been signed or will be signed between the various partners following the Beijing meeting on monitoring the measures announced at the German-African Forum (Focac) last September. The host of China`s first China-Africa Advisory Forum (CACF) in Beijing in October 2000 highlighted its new policy of aggression with Africa at a number of multilateral levels. Faced with the powerful and entrenched Western interests it faced in Africa, Beijing had to offer a unique set of economic, political and security incentives to quickly monitor its entry into the continent`s major natural resource-producing regions. It is not certain that African ministers had time to enjoy the charms of the former Imperial Palace of Qing, since the programme was busy during these 48 hours, that bilateral discussions followed multilateral conferences attended by African officials and their hosts in the presence of representatives of the nine Chinese support organizations.