Third CAETE to be held in Changsha from June 29 to July 2
The third China-Africa Economic and Trade Expo (CAETE) will kick off in Changsha from June 29 to July 2.
Main exhibition hall will open to the public for free
The CAETE has been successfully held twice. Compared with the previous two sessions, the third CAETE is characterized by greater influence, more exhibitors and buyers, more exquisite exhibition goods and more practical cooperation results.
Nearly 40 activities of all kinds will be held during the expo. Forums and seminars will focus on the themes of cooperation in traditional Chinese medicine, quality infrastructure, women’s exchanges and vocational education for the first time. And trade fairs will be also held around characteristic light industrial products and textiles and garments for the first time, which will better meet Africa’s needs.
This CAETE attracts more than 1,350 exhibitors, an increase of 55% over the previous one. The number of buyers and professional visitors is expected to reach 8,000 and the total number of visitors will exceed 100,000.
Changsha International Convention and Exhibition Center, the main exhibition hall, will be open to the public for free from July 1 to 2. Activities such as Africa Products Online Shopping Festival, livestreaming sales and African Barista Championship Challenge will be held in the China-Africa Economic and Trade Cooperation Promotion and Innovation Demonstration Park, which is a sub-pavilion.
The main exhibition hall covers an exhibition area of 100,000 square meters, an increase of nearly 30,000 square meters compared with the last session, with more exhibits in quantity and variety.
At present, the expo has collected 156 cooperation projects to be signed with an investment of over 10 billion dollars. The projects widely cover trade, investment, engineering contracting and strategic cooperation. Projects in the fields of agriculture, transportation, power and energy, and manufacturing account for a larger proportion. In addition, 20 achievements, including China-Africa Trade Index and China-Africa Economic and Trade Relations Report, will be released.
Hunan-Africa trade volume in 2022 doubled from 2020
In recent years, Hunan has moved faster to establish the long-term mechanism for economic and trade cooperation and exchanges with Africa. Landmark cooperation accomplishments have been achieved in the fields of hybrid rice, equipment manufacturing, and energy and mineral industry. In 2022, Hunan’s trade volume with Africa totaled 55.66 billion yuan, doubling from 2020. A 90% increase was achieved from January to April this year.
Hunan has deepened cooperation with the United Nations International Trade Center and other international organizations, and managed to introduce six types of agricultural products from five African countries to Hunan’s markets. Additionally, efforts have been made to expand the import of African’s competitive products, build the “African brand warehouse”, and cultivate 10 import and export industrial chains of coffee, nuts and small farm machinery. More than 100 African products have entered major shopping malls.
Hunan has also helped leading enterprises in competitive industries to develop in Africa in line with the overall development plan of African countries. For example, agricultural cooperation parks were built in Tanzania and Madagascar by these enterprises to promote cooperation in the development of the whole industry chain of rice, soybeans and corn. These enterprises have also invested in the industries in Côte d’Ivoire and Rwanda, including rubber, palm oil and dried pepper industries, exploring a new mode of integrated cooperation in production, industry and trade.
In order to facilitate the connectivity of transportation, Hunan has opened passenger flight route from Changsha to Nairobi, the capital of Kenya, the freight route from Changsha to Addis Ababa, the capital of Ethiopia, and the relay route linking Yueyang to Africa. Hunan also constructed China’s first Hunan-Guangdong-Africa rail-sea intermodal transport channel, through which the transport time to the base ports of East Africa is 10 days shorter than the river-sea intermodal transport. It is expected to conduct more than 600 train trips this year.
At present, the Nigerian Export Promotion Council has set up an overseas warehouse for agricultural products in Changsha. And the representative offices of national business associations of Tanzania and Kenya will be set up soon.
Demonstration highland for regional economic and trade cooperation with Africa
This year marks the tenth anniversary of the proposal of the “Belt and Road” initiative, the ideas of upholding the greater good in the pursuit of shared interests and the principles of sincerity, pragmatism, affinity and good faith. Over the past ten years, the total trade volume between China and Africa has exceeded 2 trillion dollars. China has always been Africa’s largest trading partner.
The CAETE and Pilot Zone for In-depth China-Africa Economic and Trade Cooperation has successively settled in Hunan.
Hunan will take the hosting of the third CAETE as an opportunity to promote counterpart contact with two African countries for each city and prefecture according to its existing basis for cooperation, characteristics and competitive industries and the fitness of development and cooperation.
Recently, delegations of Hunan’s 13 cities and one prefecture successively visited 28 counterpart African countries. During their visits, the delegations had in-depth exchanges with the representatives of African countries.
Next, Hunan will take these visits as a new starting point to further improve the contact mechanism of economic and trade cooperation with African countries, and strive to achieve more cooperation results in the fields of engineering and mining machinery, transportation infrastructure, energy and power, etc., in a bid to build a demonstration highland for regional economic and trade cooperation with Africa.