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Vice-Premier Huang Ju visits Africa  
Vice Premier Huang Ju Proposes Five-Point Suggestions on Advancing China-Africa Economic and Trade Cooperation
 (2005-11-29)

 

On November 23, 2005, Member of the Standing Committee of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council Huang Ju and Madagascan Prime Minister Jacques Sylla jointly attended the opening ceremony of the "Seminar on China-Madagascar Economic and Trade Cooperation" in Antananarivo. At the opening ceremony, Huang delivered a speech entitled "Joining Hands to Create the Future" and proposed five-point suggestions on advancing China-Africa cooperation.

Huang said that China has always attached great importance to developing friendly cooperative relations with African countries including Madagascar. During the long period of exchanges, both sides have always treated each other as equals, shown mutual understanding, support and assistance to each other and become sincere friends and important cooperative partners. In recent years, both sides have continuously scored new gratifying achievements in their cooperation within the framework of China-Africa Cooperation Forum and witnessed rapid trade growth, steady investment increase, expanded cooperation area and enhanced cooperation level. Bilateral friendly cooperative relations have entered a new development stage.

Huang indicated that both China and African countries are developing nations and to strengthen traditional friendship and consolidate and steadily develop friendly cooperative relations under the new situation conforms to common interest of both sides. This September, Chinese President Hu Jintao announced China's five important measures to support accelerated progress of developing nations at the Meeting on Financing for Development of the UN Summit. This offers a new favorable opportunity for opening a new situation of China-Africa comprehensive cooperation.

Huang said that in order to implement these measures and fulfill the target of common development, he would like to make the following suggestions on deepening China-Madagascar and China-Africa economic and trade cooperation under the new situation.

First, to expand trade cooperation on the basis of equality and mutual benefits. China's rapid development offers broad market and huge business opportunity for Africa. China would like to continue making joint efforts with Africa to further optimize trade mix. China will continue to encourage Chinese businesses to expand imports from Africa and try to increase the bilateral trade volume from over 30 billion US dollars at present to 100 billion US dollars within five years. China supports striving for a fair and reasonable international trade environment for Africa's development.

Second, to actively conduct investment cooperation. China will push businesses with strength and good reputation to invest in Africa in a bid to double China's direct investment in Africa within five years, create more job opportunities for the region and realize mutual benefits. China encourages strengthened cooperation between financial institutions of both sides so as to provide effective financial services for their businesses to conduct investment activities.

Third, to expand cooperation area and enrich connotations and approaches for cooperation. Both economies are highly complementary to each other and enjoy broad cooperation area. While strengthening cooperation in the traditional areas of agriculture, infrastructure construction, medical health and education, both sides should actively advance collaboration in the areas of tourism, finance and science & technology in all forms and further expand cooperation scale by the way of combining various approaches including trade, project contract and investment.

Fourth, to strengthen cooperation in human resources development. Talents are key to economic development. China will hold all forms of training activities in the areas of economic management, agriculture, medical health, culture & education, customs and diplomacy according to practical needs of African countries and assist them to continuously enhance capacity building and realize sustainable development.

Fifth, to create a favorable environment for China-Africa cooperation. Both sides should offer policy counseling and information services for business cooperation, improve regulations beneficial to business cooperation and actively guide and encourage businesses of both sides to conduct exchanges and cooperation in various forms. At the same time, both sides should strengthen communication and consultations by making full use of bilateral governmental cooperation mechanism and push for sound development of bilateral cooperation.

At last, Huang indicated that China would like to join hands with Madagascar and other African countries to set up a bridge of friendship through cooperation and pave a development road based on mutual benefits in a bid to jointly push China-Madagascar and China-Africa economic and trade cooperation for continuous development, realize common prosperity and bring benefits to both peoples.

Sylla also delivered a speech. He made positive comments on the achievements in Madagascar-China economic and trade cooperation and appreciated China's measures for advancing bilateral economic and trade cooperation. He indicated that Madagascar is implementing a development plan centered on transferring subsistence economy to market economy and Madagascar can draw lessons from China's development experience. Madagascar would like to build up mutual trust with China, deepen cooperation and realize mutual benefits.

The Seminar, which was jointly held by the Chinese Ministry for Commerce and the Madagascan Ministry for Industry and Commerce, was aimed at pushing for enhanced exchanges, understanding and cooperation between business communities and enterprises of both sides and promoting their common development. About 300 related officials and businessmen from the two countries participated in the Seminar.

 

 

 

 Vice Premier Huang Ju Proposes Five-Point Suggestions on Advancing China-Africa Economic and Trade Cooperation  (2005-11-29)
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 Vice-premier Huang visits Madagascar  
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