Agriculture, a priority for the China-Africa Cooperation Forum in Senegal

Published 2021년 9월 8일

Tridge summary

The next China-Africa Cooperation Forum (Focac), scheduled for November in Dakar, will prioritize agriculture in China's trade relations with Africa. China aims to balance its import portfolio towards agriculture, currently dominated by minerals, and address the trade imbalance, which exceeded $17 billion in 2019. Beijing plans to announce new trade agreements and policies to favor agricultural imports from Africa, potentially including hot pepper, cashew nuts, sesame seeds, pepper, stevia, avocado, and crayfish. The forum is expected to focus on improving access to the Chinese market for African products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Agriculture will be at the top of the bill at the next China-Africa Cooperation Forum (Focac) which is held every three years and whose next edition will be held in Dakar, probably in November. While currently China mainly imports minerals from Africa, the Asian giant intends to rebalance its distribution of categories of imported products in favor of agriculture. He also wants to show goodwill by posting the objective of rebalancing a trade balance very largely in his favor since the deficit on the African side exceeded $ 17 billion in 2019, according to Foreign Policy. It is this will, Wu Peng, director general of the Africa department at the foreign ministry, told the South China Morning Post. He took for example the trade relations of China with Kenya, an African country usually rather famous for its tea, its coffee and its flowers but China mainly imports ores including titanium, niobium, zirconium, iron, manganese, etc. . Moreover, the main suppliers of minerals to China are ...
Source: Commodafrica

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