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China-Madagascar Economic and Trade Cooperation, join hands to promote rejuvenation and development

Published Mar 17, 2021

Tridge summary

On March 4, Chinese Ambassador to Madagascar Guo Xiaomei published a signed article for Economic and Trade Cooperation: Join Hands to Promote Rejuvenation and Development in the mainstream media "Express". The full text is as follows: Nearly half a century since the establishment of diplomatic relations between China and Madagascar, both sides Always adhere to sincere friendship, equal treatment, mutual benefit and win-win results, bilateral economic and trade relations have developed in-depth, and pragmatic cooperation has achieved fruitful results. Faced with the impact of the new crown pneumonia epidemic, economic and trade cooperation has withstood severe tests, and the overall situation of cooperation is moving forward steadily. Further broaden, continue to inject Chinese impetus into the revitalization of Madagascar. Bilateral trade is mutually beneficial. China has been the largest trading partner and source of imports for six consecutive years since 2015. According to statistics, the total bilateral trade in goods in 2020 will be 3.5125 billion Ariari (approximately US$930 million), accounting for 18.1% of total foreign trade, an increase of 2 percentage points from the previous year. In 2020, Madagascar’s imports from China amounted to approximately US$810 million; exports to China were US$120 million. The trade surplus is mainly structural, reflecting the differences in the development level and economic structure of the two countries. The zero-tariff agreement on 97% of goods exported to China signed in 2014 was welcomed by Madagascar and played a positive role in promoting exports to China. In 2020, the main imported products are textile raw materials, mechanical and electrical equipment, rice, building materials, medicines, etc., which are all needed for the development of Madagascar’s industrialization and people’s livelihood; the main export products to China are mineral products such as zirconium, industrial gems, nickel, and titanium, and aquatic products such as shrimp.

Original content

On March 4, Chinese Ambassador to Madagascar Guo Xiaomei published a signed article "China-Malaysia Economic and Trade Cooperation: Join Hands to Promote Rejuvenation and Development" in the mainstream media of Malaysia "Express". The full text is as follows: China and Madagascar have established diplomatic relations for nearly half a century. Always adhere to sincere friendship, equal treatment, mutual benefit and win-win results, bilateral economic and trade relations have developed in-depth, and pragmatic cooperation has yielded fruitful results. Faced with the impact of the new crown pneumonia epidemic, China-Malaysia economic and trade cooperation has withstood severe tests, and the overall situation of cooperation is moving forward steadily. Further broaden, continue to inject Chinese impetus into the revitalization of Madagascar. Bilateral trade is mutually beneficial. China has been Malaysia’s largest trading partner and source of imports for six consecutive years since ...
Source: Ciie
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