China-Africa agricultural trade volume has increased by more than 11 times in 20 years

Published 2021년 9월 28일

Tridge summary

The article highlights the significant growth in agricultural trade between China and Africa from the year 2000 to 2020, with a notable average annual increase of 13% in trade volume, reaching US$7.59 billion. Chinese imports of African agricultural products, such as citrus, sesame, and cocoa, saw an especially high growth rate of 16.8%, rising to US$4.26 billion. This economic cooperation has been bolstered by China's efforts to expand market access for African agricultural products, with over 350 types now exported to China. Despite the COVID-19 pandemic, Chinese agricultural investment in Africa increased by 3.4 times in 2020, supporting the development of agricultural infrastructure and technologies to benefit African agricultural sectors. The article underscores the significance of the second China-Africa Economic and Trade Expo and the first China-Africa Food and Agricultural Products Cooperation Forum, where cooperation agreements and projects were signed, aiming to enhance agricultural cooperation, improve trade structures, and facilitate business interactions between China and Africa.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

"From 2000 to 2020, the trade volume of agricultural products between China and Africa increased from US$650 million to US$7.59 billion, an average annual growth rate of 13%. Among them, the import volume of agricultural products from China to Africa increased from US$190 million to US$4.26 billion, with an average annual growth rate of 16.8. %. African citrus, sesame, and cocoa have accounted for more than half of China's imports of similar products." Xie Yajing, a first-level inspector of the West Asia and Africa Department of the Ministry of Commerce of China, revealed in Changsha on the 27th. The second China-Africa Economic and Trade Expo is being held in Changsha, and the first China-Africa Food and Agricultural Products Cooperation Forum opened on the same day. Agricultural cooperation is a key area of China-Africa economic and trade cooperation. Xie Yajing said that China is actively expanding market access for African agricultural products. At present, more than 350 types ...
Source: Agri.cn

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