Full Text: China's second Africa policy paper (5)

(5) Promoting the facilitation of China-Africa trade and investment

China will encourage more African commodities to enter the Chinese market and continue to grant zero-tariff treatment to 97 percent of taxable items from the least developed countries that have established diplomatic relations with China, according to the implementation of exchanged notes by both sides. Both Chinese and African enterprises are encouraged to make the most of harbor advantages to build regional logistics and wholesale centers. China will strengthen quality control of the goods exported to Africa and build more sales channels, reinforce cooperation in inspection and quarantine with African countries, and jointly crack down on counterfeit or substandard import and export goods. China will boost customs cooperation with Africa, increase information exchange, mutual recognition of supervision and mutual assistance with law enforcement, jointly combat commercial fraud and create a law-abiding and convenient trade environment. China will help African countries enhance capacity building in customs, inspection and quarantine, provide support to improve trade facilitation, and help boost trade within Africa. China will continue to support the development of the African Free Trade Zone and regional integration, and discuss the establishment of institutionalized trade arrangements with countries and regional organizations in Africa.

While aligning Africa' s needs with China' s advantages and adhering to the principles of equality, mutual benefit and win-win cooperation, China is committed to improving the quality and efficiency of China-Africa economic and trade cooperation, helping Africa speed up its industrialization and agricultural modernization, and encouraging and supporting the efforts of Chinese enterprises to expand and optimize their investment in areas such as industry, agriculture, infrastructure and energy in Africa. It will continue to provide concessional loans and export credit insurance support to qualified projects and moderately increase the concessionality of its concessional loans.

(6) Bolstering resource and energy cooperation

On the basis of the principles of win-win cooperation, green development, low-carbon emissions and sustainable development, China will expand and deepen mutually beneficial cooperation in resources and energies with African countries. It will help African countries strengthen their capabilities in exploration, development and processing of resources and energies, increase the added value of their primary products, create more local jobs, generate more foreign-exchange income, and turn their resource and energy endowment into achievements in sustainable development and benefits that can be shared by African people. China will innovate on the models of resource and energy cooperation with Africa, and expand whole-industry-chain cooperation in energy and mining sectors. It will support the construction of national or regional power grids in Africa, boost cooperation with Africa in the development of renewable energy and low-carbon, green energy such as wind power, solar power and hydropower, and promote rational development and utilization of renewable energy sources in Africa in order to serve Africa' s industrialization.

(7) Expanding cooperation on the marine economy

China will help fully tap into the abundant marine resources and development potential of relevant African countries and support them in strengthening capacity building, planning, designing, construction and exchange of operation experience in marine fishing, offshore aquaculture, seafood processing, maritime transportation, shipbuilding, construction of harbors and harbor industrial parks, exploration and development of offshore oil and gas reserves, as well as management of the marine environment. It will support the efforts of Chinese and African enterprises to carry out mutually beneficial cooperation in various forms. It will also help African countries develop the marine economy in light of local conditions and explore new areas for Africa' s economic growth and China-Africa cooperation, so that African countries' abundant marine resources can better serve their national development and bring more benefits to their people. (mo