Importing more
Source: Xinhua |
May 7, 2010, Friday
|
Print Edition
Print Edition
CHINA is planning to increase its imports of African commodities by establishing an African Products Exhibition Center, the Ministry of Commerce said on its Website on Wednesday.
The exhibition center would be located in east China's Yiwu in Zhejiang Province with a total area of 5,000 square meters in the Yiwu International Trade City, the world's largest marketplace for small commodities, said the ministry.
The center would serve as a platform to showcase African products to Chinese consumers and international buyers.
All African companies at the center would enjoy different measures to facilitate trade.
China would support its domestic enterprises to build three to five trade and logistics centers in Africa in the next three years to provide trade and logistics services and improve local commercial facilities, it said.
By the end of 2012, China would also have zero tariffs on 95 percent of imported products from the least developed African countries that had established diplomatic relations with it.
China-Africa trade volume hit US$91 billion in 2009.
The exhibition center would be located in east China's Yiwu in Zhejiang Province with a total area of 5,000 square meters in the Yiwu International Trade City, the world's largest marketplace for small commodities, said the ministry.
The center would serve as a platform to showcase African products to Chinese consumers and international buyers.
All African companies at the center would enjoy different measures to facilitate trade.
China would support its domestic enterprises to build three to five trade and logistics centers in Africa in the next three years to provide trade and logistics services and improve local commercial facilities, it said.
By the end of 2012, China would also have zero tariffs on 95 percent of imported products from the least developed African countries that had established diplomatic relations with it.
China-Africa trade volume hit US$91 billion in 2009.
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