A united Africa may give China its moment to shine "The launch of the AfCFTA breaks new grounds for China-Africa cooperation,'' said Geng Shuang, a spokesperson for the Chinese minister of foreign affairs. Beijing, he said, will continue investing in "infrastructure connectivity, trade facilities and industrial promotion" under the country's Belt and Road Initiative. ........ In 2018, US-Africa trade shrank to $61bn, barely 45 percent of its 2008 value. During the same period, the value of trade between China and Africa exceeded $200bn, and projections suggest it is still growing. ........ On July 1, 2020, most AfCFTA-ratifying countries will start removing customs tariffs on 90 percent of imported goods that were made in Africa, with the aim of removing them completely before 2035. ..... Kituyi worries that
Monday, January 13, 2020
Africa's Moment To Shine
A united Africa may give China its moment to shine "The launch of the AfCFTA breaks new grounds for China-Africa cooperation,'' said Geng Shuang, a spokesperson for the Chinese minister of foreign affairs. Beijing, he said, will continue investing in "infrastructure connectivity, trade facilities and industrial promotion" under the country's Belt and Road Initiative. ........ In 2018, US-Africa trade shrank to $61bn, barely 45 percent of its 2008 value. During the same period, the value of trade between China and Africa exceeded $200bn, and projections suggest it is still growing. ........ On July 1, 2020, most AfCFTA-ratifying countries will start removing customs tariffs on 90 percent of imported goods that were made in Africa, with the aim of removing them completely before 2035. ..... Kituyi worries that
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