Business representatives from the four
African countries of
Tanzania,
Uganda,
Zambia and Mali have been given free booths at
China's largest trade fair - the Canton Fair - in an
attempt to promote China-Africa trade relations.
"Apart from inviting African business
representatives to the fair, we will also launch
promotional campaigns to help African products enter the
Chinese market," said Xu Bing, deputy secretary general
of the fair.
It is the first time the 50-year-old
Canton Fair, now formally known as the "China Import and
Export Commodities Fair", has featured an import
section.
In recent years, China's imports from
African countries have increased dramatically due to a
huge rise in oil imports. In late 2003, it also removed
tariffs on 190 commodities imported from the 25 most
undeveloped African countries, such as Tanzania, Zambia
and Mali.
At the China-Africa Cooperation Forum
last year, China announced that 442 commodities from
Africa would be exempt from tariffs, covering almost all
the products exported to China.
Last year, China exported 26.7 billion
U.S. dollars worth of commodities to Africa and imported
28.8 billion U.S. dollars worth of products.
The biannual Canton fair is held in
Guangzhou every spring and autumn. The last fair
attracted 192,691 buyers from 212 countries and regions.
Source: Xinhua