China is planning to increase its imports of Af rican commodities by establishing an African Products Exhibition Centre, the cou n try’s Ministry of Commerce has announced.
The exhibition centre will be located in east China’s Yiwu City in Zhejiang Prov ince with a total area of 5,000 square metres in the Yiwu International Trade Ci t y, the world’s largest marketplace for small commodities, said the ministry.
The centre will serve as a platform to showcase African products to Chinese cons umers and international buyers. All African companies at the centre would enjoy a number of different measures to help facilitate trade.
Meanwhile, China will support its domestic enterprises to build three to five tr ade and logistics centres in Africa in the next three years, so as to provide tr a de and logistics services and improve local commercial facilities, the ministry s aid.
By the end of 2012, China will have zero tariffs on 95 percent of its imported p roducts from the least developed African countries that had established diplomat i c relations with China, it added.
China-Africa trade volume was US$91 billion in 2009.