Chinese Trade Agreements With Africa

Second, they aim to stimulate innovation in the “Made in Africa” model. For example, Chinese companies in Africa could work with local partners to move from individual industrial parks to a complete modern industrial system. China can also help improve the construction of digital infrastructure based on local realities to promote the digitalization of the region. However, the short-term evolution of AfCTFA still raises issues such as tariff plans, rules of origin and some specific agreements for trade in services. However, participating countries are expected to submit negotiated market access offers by January next year (import tariff commitments), while there are already agreements to liberalize 97% of all tariff lines, representing more than 90% of intra-African trade. Like ASEAN, the time frame for tariff liberalization in the AfCTFA is five years (or 10 years for “least developed countries”). Rules of origin are expected to be finalised next month and protocols on investment, intellectual property rights and competition policy are expected to be in place by June next year. With the encouragement of the State, many manufacturers would skillfully market new processed fruit products in Mauritius. However, given that Mauritian agro-processors are just beginning to explore the Chinese market – a market where it is notoriously difficult for foreign companies to assert themselves – Chinese stakeholders should provide marketing support, for example by providing insight into Chinese consumer behaviour and engaging Mauritian sellers with appropriate marketing channels. The value of trade between China and Africa in 2018 was $US 185 billion, up from $US 155 billion in 2017. In recent decades, researchers have considered a link between a country`s natural resource wealth and the adverse consequences for economic growth and the functioning of government. This trend seems particularly common in countries that have “point source” minerals, such as mines and oil fields, which make large profits for a small number of people. .

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