The President of the Republic takes part in China-Africa Economic Forum

On 3rd September in Beijing (People’s Republic of China), work began at the Third China-Africa Economic Forum (FOCAC), at which the Head of State, H. E. Obiang Nguema Mbasogo is taking part.

Following the opening ceremony, the High Level Dialogue between Leaders and Business Representatives began, involving over a thousand Africans from some 600 companies, businessmen and research institutes, in order to share information, discuss cooperation, and speak about the future around the summit banner: China-Africa towards an even stronger community with a shared future through mutually beneficial cooperation”.

The conference is also focussed on the means to facilitate African exports and help African companies to integrate within the global value chain; in addition to expanding trade between the two regions, with the Asian giant being the largest commercial partner for the African continent in recent years.

President H. E. Xi Jinping, in his speech, also announced the release of 60 thousand million to finance 8 projects in various sectors in African countries.

The Co-president of the forum is the President of South Africa, H. E. Ciry Ramaphosa, and the General Secretary of the United Nations, Antonio Guterres, is attending as guest of honour; in addition to H. E. Paul Kagame, acting President of the African Union, and the leader of the commission from the same continental organisation, Musa Faki Mahamet.

Within the framework of diplomatic relations and friendship between Equatorial Guinea and China established in 1970, more than forty years ago, the leader H. E. Obiang Nguema Mbasogo is taking part. He decided together with his Chinese counterpart, during the latest State visit on 24th April 2015, to take the relations to the level of bilateral association of benefit and mutual respect. After forging this friendship, H. E. Xi Jinping described the Equatoguinean President as a good old friend of the Chinese people.

The work of the third China-Africa Economic Forum will continue on 4th September with various meetings between presidents and experts from various sectors.

Source: Equatorial Guinea Press and Information Office

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