From 24 to 26 March, a delegation of diplomatic envoys from six countries in China, including Timor-Leste, Guinea-Bissau, Cape Verde, Sao Tome and Principe, Mozambique and Angola, arrived in Hunan Province for a three-day visit. During the visit, a delegation of diplomatic envoys in China visited the China-Africa Economic and Trade Cooperation Promotion Innovation Demonstration Park, and exchanged ideas on setting up a platform for China-Africa cooperation, jointly participating in the 2nd China-Africa Economic and Trade Expo (CAETE), and promoting the establishment of the Macao Center in Changsha. At present, the brand-new comprehensive service platform for cross-border e-commerce between China and Africa is about to be put into use, gathering more than 1 million products, and it is expected to achieve an annual sales revenue of over USD 1 billion. Through construction of 3-5 years, the China-Africa Economic and Trade Cooperation Promotion Innovation Demonstration Park will strive to achieve the import and export volume of RMB 40 billion, to be built into the Leading Area for In-depth Economic and Trade Cooperation between China and Africa and promote the formation of a long-term mechanism for economic and trade cooperation between China and Africa. The successful holding of the first China-Africa Economic and Trade Expo (CAETE) has injected strong impetus into China-Africa economic and trade cooperation. In 2020, the Leading Area for In-depth Economic and Trade Cooperation between China and Africa was established in Hunan. The brand effect and influence of the two state-level platforms are increased day by day. Officials, ambassadors in China, heads of business associations and entrepreneurs from African countries have visited Hunan to seek greater space for cooperation.
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On August 18, 2020, the Trade Cooperation Promotion Conference for China (Hunan), Ghana, Tanzania and Ethiopia and Opening Ceremony of African Coffee Street and Cocoa Marketing Center was held in the Hunan Gaoqiao Grand Market in Changsha, attended by diplomatic envoys from Tanzania, Ghana and Ethiopia. Since the first China-Africa Economic and Trade Expo (CAETE) was successfully held, Hunan has made great efforts to build a long-term mechanism for economic and trade cooperation with Africa, and actively explored and formed the "Hunan Model" for China-Africa economic and trade cooperation.
China is the world's largest importer of non-resource commodities, and the market has great potential. Before the first China-Africa Economic and Trade Expo (CAETE) was held in 2019, Africa's non-resource commodities exported to China accounted for only 2.5%, which has increased tenfold since then. At the Trade Cooperation Promotion Conference, the envoys of the three countries all believed that it was the result of cooperation and exchanges with China (Hunan) that African products such as coffee, cocoa and cashew nuts would spread from Hunan to the world.
On March 17, 2021, the opening ceremony of the Republic of Liberia Offshore Industrial Innovation and Exchange Center in China was held in Furong District in Changsha, which marked the first international partner welcomed by the China (Henan) Pilot Free Trade Zone in Furong District of Changsha. New opportunities have been created for the import of African commodities into Hunan and the export of Hunan commodities overseas, which has brought the China-Africa economic and trade cooperation to a new level.
At the ceremony, Government of Furong District and Commercial Counselor of the Embassy of Liberia in China, Mr. Kawoi Mulbahg, jointly inaugurated the Republic of Liberia Offshore Industrial Innovation and Exchange Center in China. Both parties signed the Memorandum of Friendship and Cooperation between Commercial Counsellor's Office of the Embassy of Liberia in China and Hunan Africa Trade Co., Ltd. At the symposium held on the same day, both parties had in-depth discussions on the import and export of characteristic products, the entry of key industrial projects and investments into both Africa and China, and the strengthening of educational exchanges and cooperation with Hunan Agricultural University.
Source: Hunan Today
On the afternoon of March 18, 2021, the Promotion Conference on Full Chain Model for China-Nigeria Bilateral Trade was successfully held by the Department of Commerce of Hunan Province at the Hunan Gaoqiao Grand Market. The conference focused on building a full-chain model for the bilateral trade between China and Nigeria. Based on the advantages of inland ports of Hunan and Nigeria, it aims to build a closed-loop of a one-stop commercial circulation system.
Oranivaju Ad Peters, President of the Chamber of Commerce of Nigeria in China, and Mr. Stanley Ifianyi Mbiamé, President of the Nigerian Foundation of China attended the promotion conference, and also visited the China-Africa Economic and Trade Cooperation Promotion Innovation Demonstration Park and the China-Africa Economic and Trade Promotion Council (CAETP).
The second China-Africa Economic and Trade Expo (CAETE) will be held in Changsha in this September. It is foreseeable that more and more African countries will have more cooperation opportunities with China based on the China-Africa Economic and Trade Expo (CAETE) and the Leading Area for In-depth Economic and Trade Cooperation between China and Africa.
Further reviewed by: Zhao Yuhui and Jiang Yongfeng
Reviewed by: Chen Jue
Edited by: Li Haibo
Source: HNETV Synthetical channel News, Liliang Hunan, Hunan Daily, RedNet.cn