Course summary (Africa China economic relationships)
Sino-African foreign trade relations (import export). Forum on China-Africa Co-operation. FOCAC Summit Beijing and Sharm el-Sheikh.
The Forum on China-Africa co-operation
is a platform established by China and friendly African countries
for collective consultation and dialogue and a cooperation mechanism between the
developing countries, which falls into the category of South-South cooperation.
To encourage and support Chinese enterprises to go to Africa for
investment and cooperation, the Chinese government has
taken various measures including setting aside special funds and providing
concessional loans.
The two-way trade between China and Africa reached US$12.389
billion in 2002,growing 7 times from the 1991 figure of US$1.44 billion. The
import on the Chinese side accounted for US$5.427 billion and its
export was US$6.962 billion.
In line with its commitment made at the Forum on China-Africa cooperation, Ministerial conference Beijing 2000, China has cancelled RMB 10.5 billion of debt of 31 least developed African countries.
The Beijing Summit of forum on China-Africa cooperation adopted
a declaration in the Chinese capital, proclaiming establishment of "a new type
of Strategic partnership" between China and Africa. 2009, Sharm el-Sheikh, Egypt.
Forum members: China,
Algeria, Angola, Benin,
Botswana,
Burundi,
Cameroon, Cape Verde, Central
African Republic,
Comoros, Congo, Democratic Republic
of Congo,
Djibouti, Ivory Coast, Egypt,
Eritrea,
Ethiopia,
Gabon, Ghana, Guinea, Guinea
Equatorial, Guinea - Bissau,
Kenya, Lesotho, Liberia , Libya,
Madagascar,
Malawi, Mali,
Morocco, Mauritania,
Mauritius, Mozambique, Namibia,
Niger, Nigeria,
Uganda,
Rwanda,
Senegal, Seychelles, Sierra Leone,
Somalia,
Sudan, Chad, Togo,
Tunisia,
South Africa, Zambia and
Zimbabwe.
China international trade has been growing fast the last
decades. Thus, Africa is strategic for China, while China is African main
promise, being its 2nd trade partner as of 2008, and expected to have overtaken
the United States (2006: $92 billion), France, and UK as Africa's biggest trading partner
by 2010. China growing thirst for raw materials lead first African states owned
enterprises to sell raw materials to China. Africa provide 30% of China oil
needs, with Sudanese's oil account for 10 of these 30 points.
Example of the course Africa China economic relationships:
Africa, China, Economic, Relationships, China's, African, policy, Sino-African, foreign trade, relations, import, export, Forum, China-Africa, Co-operation, FOCAC, Summit, Beijing, Sharm el-Sheikh, Master, international business
EENI International Business
Course learning materials: 
