China promotes the development of free trade on the African continent
September 11, 2024 09:19 Source: "Chinese Social Sciences Journal" Issue 2975, September 11, 2024 Author: [Nigeria] Michael Ehizuelen/Text by Wang Junmei/Translation

The Beijing Summit of the Forum on China-Africa Cooperation held in China from September 4 to 6 unanimously adopted the "Beijing Declaration on Jointly Building an All-Weather China-Africa Community with a Shared Future in the New Era",Fully recognize that Chinese and African leaders have advocated building a community with a shared future for mankind on various international occasions、High-quality joint construction of the “Belt and Road”、Global Development Initiative、Global Security Initiative、Global Civilization Initiative and other concept initiatives,Highly praise the “nine projects” proposed by the 8th Ministerial Conference of the Forum in 2021、The follow-up actions of the "Dakar Action Plan (2022-2024)", "China-Africa Cooperation Vision 2035" and "China-Africa Declaration on Cooperation on Climate Change" have achieved fruitful results。These concepts and initiatives are consistent with the infrastructure development and development agenda goals of the African Continental Free Trade Agreement。It Bet365 lotto review can be seen from this,The Chinese government will continue to be committed to promoting world multipolarity and economic globalization,Achieve mutual benefit and win-win results for all countries。

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Nigeria and other African countries have benefited greatly from the African Continental Free Trade Agreement。For this,The Nigerian government established the National Action Committee (NAC) for the African Continental Free Trade Agreement,It aims to double Nigeria’s export earnings by 2035,Accounting for 10% of Africa’s exports。NAC has developed a pillar strategy for this purpose,Including improving trade facilitation、Localizing the African Continental Free Trade Agreement、Building infrastructure、Strengthen the construction of financial institutions、Bridging the trade information gap、Improving labor mobility on the African continent, etc.,The strategy is consistent with the framework of the African Union。Nigeria’s population exceeds 200 million,Has abundant industrial raw materials and feed crops、The booming telecommunications and digital economy and the growing entertainment industry,Help promote Nigeria to achieve the above goals。

For decades,China because of its trade and competitive advantages,Productivity has been significantly improved,And is accelerating bet365 live casino games modernization in a revolutionary way。China has many resources including talents,Can assist Nigeria in achieving its goals related to the African Continental Free Trade Agreement。In addition,China is willing to jointly build the “One Belt, One Road” initiative,Promote Nigeria to explore alternative development models。

Diversification of Nigeria’s export destinations and import sources,Contribute to promoting inclusive economic growth and poverty reduction in Nigeria。If Nigeria enters into strategic cooperation with major partners such as China,And negotiate a mutually beneficial agreement,Thus improving its competitiveness under the African Continental Free Trade Agreement,Then it is possible for Nigeria to achieve this goal。Cooperation with China will promote win-win cooperation with potential investors and global retailers,Thus promoting Nigeria and China、International organizations and other parties carry out tripartite cooperation。Including focus on manufacturing,Help Nigeria recognize its comparative advantages,Implementing the goals of the African Continental Free Trade Agreement,Develop your own development strategy, etc.。Currently,Chinese manufacturing companies support the development of African manufacturing through tripartite cooperation,For example, Huajian Group Bet365 app download in Ethiopia opened in 2012,And quickly achieve profitability。

 Moving up the value chain

In addition,Moving up the value chain is not limited to manufacturing,Nigeria can also improve agricultural productivity by producing high-value agricultural products。Ethiopia expands exports of leather and horticultural products,And some African countries have diversified their exports through vegetables and beverages。Enhance the agricultural value chain and diversify exports,Can improve Nigeria’s productivity and economic resilience。Cooperation with China can also help enhance Nigeria’s value chain,Promote its better implementation of the African Continental Free Trade Agreement。

China and Nigeria can cooperate by producing value-added products,And improve the level of scientific research and knowledge management to solve its domestic supply-side constraints,Thus improving the quality of Nigerian products and services。This helps Nigeria diversify its exports to China and other global markets。In addition,As the African Continental Free Trade Agreement aims to promote intra-African trade and economic integration,Nigeria can also align its production capabilities with international standards,And improve infrastructure network,Deliver fresh produce faster to every part of the country and across the continent。

The African Continental Free Trade Agreement focuses Bet365 app download on intra-African trade,But it will also indirectly affect the trade between China and Africa。Future,Due to infrastructure improvements、Reduction of trade barriers and harmonization of regulations within Africa,African countries such as Nigeria may become more attractive to China as investment and trading partners。Considering China’s infrastructure development、Advantages in manufacturing and creative industries,Increased trade activities will benefit both parties。Leaders of China and Africa have active contacts in the economic field,This makes some African leaders attach great importance to China’s role。This is mainly due to the fact that China’s direct investment has had a significant impact on Africa’s economic development,African countries have seen how the Chinese government’s policies can alleviate unemployment、Solving the poverty problem。Nigeria can gain valuable experience from cooperation with China,Help bring its development goals and speed、Linking sustainable and pro-poor economic growth。This move can inject more energy into the Nigerian economy and improve regional trade integration。

Over the past few decades,China has cultivated relations with African countries with a focus on industrial development。Investment in African development bet365 best casino games projects,Make the industrial development of African countries a top priority,It also makes China the preferred partner of many African countries, including Nigeria。Because of this,China has a very high reputation on the African continent。China and Africa are both victims and opponents of Western colonialism,China once firmly supported African countries’ anti-colonialism、Anti-imperialist struggle,Contribute to the cause of independence and liberation in Africa。It Bet365 lotto review can be seen from this,China attaches great importance to its relations with African countries。

 (The author is the director of the Nigeria Research Center, Institute of African Studies, Zhejiang Normal University)

Editor: Zhang Jing
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