KIGALI, June 21(Xinhua) -- As Africa looks forward to continental integration, the Chinese government announced plans to roll out major joint ventures that will enable the continent to achieve integration agenda. Last year, the Chinese government announced that it will roll out 10 cooperation plans that will strengthen cooperation with Africa within the next three years. The programs cover the areas of agriculture modernization, infrastructure, industrialization, financial services, trade and investment facilitation, green development, peace and security, poverty reduction and public welfare, public health and people-to-people exchanges. China will also offer 60 billion U.S. dollars to ensure the smooth implementation of the cooperation initiatives. Speaking to Xinhua on Tuesday, Claver Gatete, Rwanda minister of finance and economic planning, said that China's major economic cooperation arrangements with Africa will play a crucial role towards boosting economic integration on the continent. "These economic initiatives and other efforts toward Africa regional integration hold the promise of boosting intra-regional trade and improving investment prospects in the continent, as well as African competitiveness," he said. Africa trade integration has long been a strategic objective for Africa policy makers and economists, despite the continent's market remains highly fragmented. On June 10, 2015 in Cairo, the Tripartite Free Trade Area (TFTA) was officially launched which seeks to boost economic growth in Africa. TFTA brings together three of Africa's major regional economic communities -- the Southern African Development Community (SADC), the East African Community (EAC), and the Common Market for Eastern and Southern Africa (COMESA). According to Dr....
Spotlight: China-Africa cooperation plans to boost Africa's integration
Posted on: June 23, 2016
Posted on: June 23, 2016