FOCAC promotes the growth of China-Tanzania cooperation in depth and substance

Ambassador of China to Tanzania

China Embassy to Tanzania

FOCAC is an important mechanism for collective dialogue between China and Africa and a key platform for promoting practical cooperation between the two sides. Since its establishment in 2000, FOCAC has developed into a fine example of South-South cooperation and a banner of international cooperation with Africa. Over the past 21 years, the China-Africa relationship has evolved from “the new type of partnership” to “the new type of strategic partnership”, and to “the comprehensive strategic and cooperative partnership” at present. Since 2000, the China-Africa trade volume and China’s FDI in Africa have increased 20-fold and 100-fold respectively. China has been Africa’s largest trading partner for 12 consecutive years, and Chinese enterprises’ direct investment stock in Africa has exceeded US$56 billion.

Facing the unexpected COVID-19 pandemic, China and Africa have supported each other to tide over the difficulties, and promoted further development of their cooperation, which bucks the declining international trend of trade and investment, and manifests the great resilience and strong vitality of the bilateral cooperation. During the past three years, China and Africa have successfully held such important events as the China-Africa Economic and Trade Expo and the Forum on China-Africa Cooperation in Agriculture. In addition, the China-Africa Institute, the China-Africa Environmental Cooperation Center and 14 Luban Workshops have been established. In the first seven months of this year, the China-Africa trade volume reached US$139.1 billion, registering a year-on-year growth of 40.5%, and China’s direct investment in Africa was US$2.96 billion, which surpassed the pre-pandemic level of 2019.

FOCAC promotes the growth of China-Tanzania cooperation in depth and substance

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