Beijing -- Since the establishment of the Forum on China-Africa Cooperation
(FOCAC) in 2000, the China- Africa economic and trade cooperation has entered a
new stage of allround development, said Chinese Premier Wen Jiabao here Saturday
Wen made the remark when addressing the High-level Dialogue and second
Conference of Chinese and African Entrepreneurs.
In 2005, the Sino-African trade volume reached 39.7 billion U.S. dollars,
almost four times of that in 2000, he said. In the first nine months of this
year, bilateral trade volume totaled 40.6 billion U.S. dollars, up 42 percent
year on year, according to Wen.
Although in recent years, China has continuously witnessed trade deficit
towards Africa, it still pays great attention to increasing import from Africa,
China has given zero-tariff treatment to 190 export items from the 28 least
developed countries in Africa that have diplomatic ties with China, he said.
By the end of 2005, China's investment in Africa totaled 6.27 billion U.S.
dollars. So far, China has signed investment protection agreements with 28
African countries, and agreements on avoiding double taxation with eight African
countries, he said.
Under the framework of the FOCAC, China undertook 176 whole-set projects
concerning roads, schools, hospitals and stadium in 42 African countries,
offering timely humanitarian aid to some African regions hit by natural
disasters, he said.
China has canceled debt totaling 10.9 billion yuan (US$1.4 billion) owed by
the heavily indebted poor countries and the least developed countries in Africa
that have diplomatic relations with China, signed 27 framework agreements on
preferential loan, and trained about 10,000 professionals for African countries,