New Opportunities Arising From Favourable Policies

  President Xi Jinping's latest policy announcement points to a new direction for China-Africa economic cooperation, releasing a series of positive signals. The implementation of zero-tariff treatment for 100 per cent of the products in the tariff lines of 33 African countries will significantly reduce the tariff barriers for African commodities to enter the Chinese market and improve their price competitiveness. This not only provides a direct cost advantage for Chinese enterprises to expand into the African market, but also creates more opportunities for deepening China-Africa economic and trade cooperation.

1:Expanding access to African agricultural products: Enriching the variety of commodities available in the Chinese market while providing African exporters with a broader market space.

2:Co-operation in the field of e-commerce: helping Chinese foreign trade enterprises to enter the African market more conveniently through e-commerce.

3:Implementation of the China-Africa Quality Enhancement Programme: encouraging Chinese enterprises to improve the quality of their products and services in order to better meet the needs of the African market and enhance the impact of their brands.

4:Signing of the Economic Partnership Framework Agreement: Providing long-term and stable institutional guarantees for China-Africa trade and investment, and creating a more favourable business environment for Chinese enterprises.

  These initiatives will help China and Africa achieve mutual benefits and win-win results, stimulate the export potential of more African countries, bring new growth points for Chinese foreign trade enterprises and promote the optimisation of trade structure.