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Africa: 3rd China-Africa Economic and Trade Expo Launched

The 3rd China-Africa Economic and Trade Expo, meant to promote trade between China and the rest of the world, has been launched in Accra.

The event scheduled for June 29 to July 2, 2023, in Changsha, Hunan Province in China was launched during the China (Shaoyang)-Ghana Economic and Trade Exchange Matching Conference in Accra on Monday.

Under the theme “Common Development for a Shared Future,” the event would be jointly organised by the Department of Commerce of Hunan Province Trade Development Bureau of the Ministry of Commerce, Foreign Affairs Office of Hunan Province, China Council for the Promotion of International Hunan Sub-Council and People’s Government of Changsha under the sponsorship of the Ministry of Commerce of the People’s Republic of China and People’s Government of Hunan Province.

The four-day event which would be held under the auspices of the Shaoyang Municipal People’s Government, is organised by the Shaoyang Municipal Bureau of Commerce.

Speaking at the programme, the Deputy Minister of Trade and Industry, Michael OkyereBaafi, said Chinese companies must take advantage of the African Continental Free Trade Area (AfCFTA) initiative and establish their presence in Ghana.

“We are now at the beginning of the state of the concept so this is the time companies from China should be interested in coming to Ghana to set up companies, so that they take advantage of the huge market the compact presents,” he said at the China (Shaoyang)-Ghana Economic and Trade Exchange Matchmaking Conference in Accra on Monday.

He said AfCFTA presented a market of 1.2 billion people with combined Gross Domestic Product of $3.4 trillion.