This year marks the 20th anniversary of the Forum for China-Africa Cooperation (FOCAC). Over the past two decades, through close cooperation, China and Africa have unleashed growth potential, strengthened cooperation, met various challenges and implemented important agreements. The GENERAL Administration of Customs of the PRC compiles and reports on its website quarterly and annual bilateral trade statistics. Customs is the first to report the most up-to-date trade data, usually in English and Chinese. However, there are several reservations about the use of their data. First, while the figures are denominated in U.S. dollars, they are either in the tens of thousands of dollars or in hundreds of thousands of dollars (wan or yi) rather than in the most familiar millions. Second, reports are only available in PDF format, instead of formats such as .B. the « values separated by comma » file. Finally, Chinese customs data is only two years old. Despite numerous free trade agreements with other richer economies, an earlier analysis of our society has shown that the real trade relations of most major countries with Africa have hardly changed since the start of the Doha Round of the World Trade Organization (WTO) in 2001, with agriculture being one of the most controversial issues. At the pan-African level, the economic benefits of AfCFTA will be significant. According to the African Development Bank, the removal of tariffs on intra-African trade will increase continent-wide net profit by $2.8 billion per year.
Removing customs equivalents from non-tariff barriers for goods and services would result in an increase in total net income of 1.25 per cent, or $37 billion, while the implementation of the WTO Trade Facilitation Agreement (TFA) would further increase benefits, with an estimated increase in total income of 3.5 per cent about $100 billion. The most recent agreement, signed on October 17, 2019, is the Mauritius-China Free Trade Agreement – China`s first free trade agreement with an African country. The agreement will allow Mauritius to increase and diversify its exports to China by allowing Mauritius duty-free access to more than 8,000 products, and the two countries end up obtaining zero tariffs at 96.3% (China) and 94.2% (Maurice) of traded goods. There are traces of Chinese activity in Africa that date back to the Tang Dynasty. Chinese porcelain was found along the coasts of Egypt in North Africa. Chinese coins from the 9th century have been discovered in Kenya, Zanzibar and Somalia. The Song Dynasty established maritime trade with the Ajuran Empire in the mid-12th century. Zhu Siben of the Yuan Dynasty undertook the first known Chinese voyage into the Atlantic Ocean during the admiral of the Ming Dynasty, Zheng He, and his fleet of more than 300 ships made seven separate voyages to areas around the Indian Ocean and landed on the east Coast.  But how can Mauritius – and the rest of Africa – really use the new free trade agreement with China and see trade as a real change in the agricultural sector? Chinese companies have developed a large number of agro-technological techniques and technologies and have financing to develop in Mauricie.
This will not only allow Mauritius to increase and diversify its exports to China and the rest of the world, but it will also improve product quality to meet changing consumer demands and challenge legislation on food and agriculture trade. One of the world`s most valuable and important free trade agreements will come into force on 30 May, but it is an agreement that has hardly been mentioned in the mainstream media: the African Continental Free Trade Agreement (AfCTFA). AfCTFA is the largest free trade agreement since the World Trade Organization meeting, but its lack of attention indicates that, despite globalization, L`Usa`s trade is perceived to be exclusively American.