日本无限资源_福禄影院午夜伦_美国av毛片_亚洲自拍在线观看_激情亚洲一区国产精品_999久久久久

Interview: Free trade deal to benefit Chinese companies in Egypt, Africa: expert

Source: Xinhua| 2019-05-22 01:30:04|Editor: Shi Yinglun
Video PlayerClose

by Marwa Yahya

CAIRO, May 21 (Xinhua) -- The African Continental Free Trade Agreement (AfCFTA) is very important for Chinese companies in Africa, particularly in Egypt, an Egyptian economic expert said in an interview on Tuesday.

"Certainly, Chinese companies, especially those located in the Suez Canal's economic zone, will benefit from the AfCFTA that will be enforced in few days," Waleed Gab-Allah, professor of financial and economic jurisdictions at Cairo University, told Xinhua.

The agreement is a basic tool for attracting more Chinese investment into Egypt, he added.

Gab-Allah said that China's industrial developer Tianjin Economic-Technological Development Area (TEDA) is currently developing a total area of 7.23 square km in Egypt's Suez Canal Economic Zone (SCZone) in Ain Sokhna district of Suez province east of the capital Cairo.

The professor described TEDA as a good example for the Chinese mega projects that could market its products to African countries via the AfCFTA.

TEDA attracted many enterprises to the SCZone, including China's fiberglass giant manufacturer Jushi, which helped Egypt become one of the largest fiberglass producers and exporters in the world over the past years.

He forecasted a 50-percent increase in the Chinese exports to the African countries when the agreement comes into force.

"The African free trade agreement will encourage more Chinese companies to work and invest in Egypt's economic zone to benefit from the Suez Canal passage to Africa with reduced tariffs," he said.

Gab-Allah added that the new Egyptian investment law will improve the investment climate in the country.

In a statement on Tuesday, Egyptian Trade and Industry Ministry said that it will elevate the relations among the member states to the level of comprehensive strategic partnership and will put Africa on the global economy map.

"The agreement will contribute to the development of the intra-Africa trade movements, increasing the industrial growth rates and achieving technological development," the statement added.

The agreement will also contribute to the development of the infrastructure, the movement of people and the transfer of technical expertise, energy, IT and communication which are important for the sustainable development in Africa, Gab-Allah said.

During the meeting with a delegation from the African Union Commission on Monday, Egyptian Prime Minister Mostafa Madbouli said that President Abdel-Fattah al-Sisi gave priority to the AfCFTA agreement under Egypt's current chairmanship of the African Union.

The prime minister stressed that Egypt's capabilities, including logistic and infrastructure, enable it to be the seat of the head office of the agreement.

He added that Egypt was one of the first countries that signed the agreement which is due to take effect within days after 22 countries have ratified it so far.

The agreement seeks to eliminate tariff and non-tariff barriers to the member countries' trade in goods and services with the aim of reducing prices and achieving sustainable development on the continent, Madbouli said.

For their part, members of the delegation praised Sisi's support for the African Union and issues of cooperation and development on the continent.

Gab-Allah, also a member of the Egyptian Association for the Political Economy, emphasized that enhancing the trade exchange among the African countries will bring its fruits for the Chinese long-term projects in Africa.

The agreement that includes 55 countries under the umbrella of the African Union aims at cancelling the tariffs and establishing a common African market by 2022, Gab-Allah said.

He expected Egypt to face harsh competition in winning the host of the executive headquarters of the AfCFTA.

Egypt's large economy volume and regional strength will help the north African country to exercise a great role in activating the agreement, Gab-Allah added.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001380779651
主站蜘蛛池模板: 国产一级AⅤ久久无码 | 国产精品欧美 | 亚洲真人无码永久在线 | 男女午夜猛烈啪啦啦视频 | 黄色工厂这里只有精品 | 办公室揉弄高潮嗯啊免费视频 | www.youjizz.com最新| 国产护士在线观看免费 | 国产一区二区三区精品在线观看 | 日本高清不卡一区二区三区视频 | 亚洲伊人国产 | 超碰人人青青 | 国产微拍精品 | asiantube性ass富婆| 好紧好湿好黄的视频 | 亚洲精品在线91 | 天天人人 | 动漫黄在线观看 | 成人精品视频一区二区三区尤物 | 乱人伦人妻系列 | 成人伦小说 | 亚洲精品无码aⅴ中文字幕蜜桃 | 日韩在线黄色 | 国产露脸无码A区久久 | 521香蕉 | 欧美大片18禁AAA免费视频 | 久久人人做 | 久久久久精彩视频 | 国产精品一品二区三区四区18 | 亚洲国产中文字幕新在线vr | 狠狠操av | 国产精品亚洲二区在线观看 | 国产产在线精品亚洲AAVV | 乱码午夜极品国产内射 | 日韩久久一区 | 久久综合网欧美色妞网 | 国产欧美VA欧美VA在线 | 又粗又大又黄又硬又爽免费看 | 精品国产人免费观看成人片 | 91麻豆精品国产91久久久使用方法 | 亚洲天堂成人网 |