Fourth Edition of China-Africa Trade Expo Generates Businesses Worth USD 11 bn

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During the meeting, 30 conferences on topical issues were held, and 10 MOUs were signed between African and Chinese companies. Those included a wide range of fields such as industrial chain cooperation, traditional medicine, cultural industry, trade, youth innovation, and entrepreneurship.

The fourth China-Africa Economic and Trade Expo, held in the central Chinese city of Changsha, generated business worth USD 11 billion.  The event, which lasted four days, highlighted the commitment of the world’s largest developing country to strengthening its ties with Africa.

 www.trendsnafrica.com has been reporting the highlights of the exhibition periodically.  Chinese Foreign Minister Wang Yi attended the opening ceremony. President Xi, in a special message to the participants, announced zero-duty access to all African countries, expanding the earlier bandwidth of the program, limiting access only to the least developed countries.

Ugandan Prime Minister Robinah Nabbanja, Liberian Vice President Jeremiah Kpan Koung, and Kenyan Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs Musalia Mudavadi also attended the opening ceremony, among others. Attended by over 4700 Chinese and African companies, and 30,000 participants, the four-day event was themed “China and Africa: Together Toward Modernisation”.

 Exhibitors from Africa said the expo provided them with a platform to showcase their local specialty products, and they are confident of the results.

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 https://trendsnafrica.com/china-extends-duty-free-access-to-all-african-countries/

During the meeting, 30 conferences on topical issues were held, and 10 MOUs were signed between African and Chinese companies. Those included a wide range of fields such as industrial chain cooperation, traditional medicine, cultural industry, trade, youth innovation, and entrepreneurship.  Six special events were held, including the China-Africa Private Economy Forum and the China-Africa Film Week, during the event.  China is Africa’s largest trading partner and has invested in building closer ties with the continent in recent years.