- The first expo of its kind is set to take place in China’s Hunan province
- The expo will be the first of many, to be held every two years
The first joint Sino-African trade expo will take place in the capital of Hunan – Changsa – from 27 to 29 June. Traders from 52 African countries have signed up for the expo, themed “Win-win cooperation for closer China-Africa economic and trade partnership”.
The expo follows on from eight initiatives proposed by Chinese President Xi Jinping to African leaders in September 2018 aimed at developing symbiotic cooperation between Africa and China. These initiatives include making economic, political and security collaboration a priority.
Officials will sign bilateral agreements, promote investments and establish a new driver for future economic cooperation between Africa and China at the expo.
Various conferences, forums and exhibitions are on the cards with a guest list of over 1 300 people. Key items on the agenda are forums on agriculture, trade, infrastructure and financing, investment promotions and business negotiation activities.
Hunan is a fitting location for the inaugural expo as its trade volume with Africa reached US$2.8 billion in 2018 and it has invested almost US$1 billion in Africa.
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