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Italy, China and Africa

Verantwortlicher Autor: Carlo Marino Rome/Beijing, 29.08.2018, 09:34 Uhr
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Rome/Beijing [ENA] Italian Economy Minister Giovanni Tria declared yesteday on a trip to China, according to Italian Press Agency ANSA, he had had a "very positive" day of meetings with his counterpart Liu Kun, PBOC Governor Yi Gang and the CEO and president of the Bank of China, Liu Lian Ge. "We found ample willingness to strengthen bilateral economic and financial ties with Italy," he said at a press conference with Bank of Italy

Deputy Director-General Fabio Panetta. In recent years, there has been an increasing presence of Chinese in Africa with one estimate numbering Chinese nationals at one million and PRC has a growing range of activities in Africa, especially in the sub-Saharan region. And of course Italy is not so far from Africa. On the other side, China is preparing to host the FOCAC Summit 2018 in September, in Beijing. The 2018 Beijing summit of FOCAC is scheduled for Sept. 3 and 4. The summit will be themed "China and Africa: toward an even stronger community with a shared future through win-win cooperation." The decision to host the FOCAC Summit 2018 in Beijing had been made based on the fact that South Africa and many other African countries had all

been enthusiastic to elevate the 2018 FOCAC meeting into a summit and the practical needs of developing China-Africa relations. African countries are willing to take the opportunity to further advance friendship, expand cooperation and achieve win-win results. The red “C” on the left wing of the FOCAC logo represents China, while the whole logo is the letter “a,” representing Africa. The logo stands for solidarity and cooperation between China and Africa with the green color symbolizing peace and development, and the red indicating vitality and prosperity. Consequently, the objectives of the Summit are equal consultation, enhancing understanding, expanding consensus, strengthening friendship and promoting cooperation.

China and Africa recently agreed to set up joint follow-up mechanisms to conduct regular evaluations on the implementation of the follow-up actions. The FOCAC follow-up mechanisms are built at three levels: The Ministerial Conference is held every three years; the Senior Officials Follow-up Meeting and the Senior Officials Preparatory Meeting for the Ministerial Conference are held respectively in the year and a few days before the Ministerial Conference is held; and the consultations between the African Diplomatic Corps in China and the Secretariat of the Chinese Follow-up Committee are held at least twice a year. The Ministerial Conference and the Senior Officials Meeting are held in turn in

in China and in an African country, with China and the African host being co-chairs presiding over the meetings and taking lead in implementing the outcomes of the meetings. The Ministerial Conference is attended by foreign ministers and ministers in charge of international economic cooperation, and the Senior Officials Meeting by director-general level officials of the competent departments of China and African countries. Apart from the above-mentioned three levels of consultation mechanisms, in view of the needs of expanding China-Africa relations, China and Africa encouraged both the Third Ministerial Conference of FOCAC, held in November 2006 in Beijing, and the Sixth Ministerial Conference, held in

December 2015 in Johannesburg, to FOCAC Summits. The 2006 Beijing Summit also decided that political consultations between Chinese and African foreign ministers be held on the sidelines of UN General Assembly sessions held during the year after each Ministerial Conference. The Chinese and African foreign ministers held four political consultations in New York in 2007, 2010, 2013 and 2017, respectively. With the ever expanding and deepening China-Africa cooperation, various sub-forums have been created within the framework of FOCAC. They include the China-Africa People’s Forum, China-Africa Young Leaders Forum, Ministerial Forum on China-Africa Health Cooperation, Forum on China-Africa Media Cooperation, China-Africa Poverty

Poverty Reduction and Development Conference, FOCAC-Legal Forum, Forum on China-Africa Local Government Cooperation, and China-Africa Think Tanks Forum. China has been Africa's largest trading partner for nine years in a row as major cooperation programs boosted bilateral trade, official data showed Tuesday. China-Africa trade has been growing robustly since the launch of 10 major cooperation plans three years ago. In the first half of 2018, bilateral trade rose 16 percent year on year to 98.8 U.S. billion dollars, Qian Keming, vice minister of commerce, told a press conference.

Economic and trade cooperation plans have so far been implemented and some of them have yielded very good results.In the past three years, China's annual average direct investment to Africa stood at around 3 billion dollars, while progress was seen in industrial cooperation in sectors such as manufacturing, finance, tourism, and aviation.Africa's infrastructure is seeing improvements thanks to these cooperation plans, which are expected to bring the continent 30,000-km of highways, 85-million-tonnes per year of harbor capacity, over 9-million-tonnes per day of water-cleaning capacity and about 20,000-megawatt power generating capacity, together with creating some 900,000 jobs.

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