The Africa Continental Free Trade Area (AfCFTA) Secretariat and the Ministry of Commerce of China, have signed a memorandum of understanding (MoU) on establishing an Expert Group on Economic Cooperation. The virtual event, was signed between Mr Wamkele MENE, Secretary-General of the AfCFTA Secretariat and Mr Qian Keming, Vice Minister of commerce of China.
Accordingly, with this MoU, the AfCFTA Secretariat and Ministry of Commerce of China agreed to establish an Expert Group to collaborate in the following areas such as experience-sharing on intellectual property rights, customs procedures, digital trade, competition policy and exchange concepts, policies and share progress on the Institutional capacity and implementation of the AfCFTA. Mr Mene in his remarks noted that China and Africa shared common aspirations rooted in mutual cooperation and the need to build China-Africa comprehensive strategic cooperative partnership adhering to the principle of achieving shared growth and through discussion and collaboration. “China is a strong partner to Africa and has provided Africa with significant development and investment support over the past decade,” he said. “China continues to invest in infrastructure and industrial projects in Africa via its Belt and Road Initiative, and has opened up its market of 1.4 billion consumers to African products.” Read More.G
