China will announce a package of major assistance, investment, trade and
other key cooperation projects with Africa during the upcoming Beijing Summit of
the Forum on China-Africa Cooperation (FOCAC), scheduled for Nov. 4-5, said
Chinese Vice Commerce Minister Wei Jianguo in Beijing today.
Considering the wishes of African friends, the Chinese government has decided
to offer more cooperation projects to Africa to deepen mutual benefit and
cooperation and realize common development, Wei said at the Senior Officials
Meeting of FOCAC, which was closed here on Thursday.
China has put forward a series of measures including debt relief, exemption
of tariff and personnel training to promote the cooperation between China and
Africa, said Wei, also Chinese side secretary general of the summit's organizing
committee.
Forty eight African countries that have diplomatic relations with China are
to participate in the two-day summit focusing on "friendship, peace, cooperation
and development".
FOCAC is a mechanism for collective dialogue and cooperation jointly
established by China and Africa to cope with new challenges and facilitate
common development.
Since the FOCAC was established in 2000, economic and trade cooperation
between China and Africa has entered a new era, with comprehensive, rapid and
stable development.
Trade volume rocketed to 39.7 billion U.S. dollars in 2005 after breaking the
mark of 10 billion dollars in 2000.
In addition, China has forgiven debts of 10.9 billion yuan (1.38 billion U.S.
dollars) by 31 heavily indebted poor countries and least developed countries in
Africa and extended zero-tariff treatment to some imports from Africa.
China has helped establish nearly 900 projects in Africa and train some
14,600 personnel in various fields.