Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Trade

China hails official launch of AFCFTA operational phase

July 09, 2019


Abstract : China on Monday applauds the official launch of the operational phase of the African Continental Free Trade Area (AfCFTA) Agreement, stressing that the move injects strong power to multilateralism and free trade.

BEIJING, July 8 (Xinhua) -- China on Monday applauds the official launch of the operational phase of the African Continental Free Trade Area (AfCFTA) Agreement, stressing that the move injects strong power to multilateralism and free trade.

African leaders on Sunday officially launched the operational phase of the AfCFTA Agreement in Niamey, capital of Niger.

"As a good friend, good partner and good brother of African nations, China warmly welcomes the official launch of the operational phase of the AfCFTA Agreement," Chinese Foreign Ministry spokesperson Geng Shuang said, calling it "a significant milestone" in Africa's economic integration process.

The move demonstrates that the African countries are determined to achieve revitalization through unity, Geng said at a press briefing.

Against the background of rising uncertainties in the global situation, the operational phase of the AfCFTA Agreement injects strong power to safeguarding multilateralism and free trade as well as building an open world economy, according to Geng.

The move also breaks new ground for China-Africa cooperation, the spokesman said. He stressed that China will continue to work with Africa to fully implement the outcomes of the Forum on China-Africa Cooperation (FOCAC) Beijing Summit held last September.

China is willing to closely align the bilateral "Belt and Road" cooperation and the building of the AfCFTA, as well as providing greater support for Africa on enhancing interconnectivity, improving the business environment and raising the level of trade, Geng said.

According to the African Union, the AfCFTA "has laid the foundation" for what could be the world's largest free trade zone by the number of participating countries, covering more than 1.2 billion people with a combined gross domestic product of 2.5 trillion U.S. dollars.

Scan the QR code and push it to your mobile phone

Keyword: China-Africa foreign-trade

Reading:

China's CPI expected to rise 2.6 pct in June

FAW sees strong H1 sales of Hongqi models

Shanghai to launch stainless steel futures this year

E China's Jiangxi to improve biz environment to achieve leapfrog dev.

Chinese carmaker BYD posts strong green car sales in June

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial