China’s WTO deputy chief says African nations ‘risk’ missing chance to reshape trade rules
- Zhang Xiangchen, deputy director general of the World Trade Organization, has urged more African countries to participate in shaping global trade rules
- Africa is the only continent that is not yet fully integrated into the global economy, Zhang said at the China-Africa Economic Trade Expo
“It’s risky for developing countries to stay outside the stiff competition in reshaping international trade rules, therefore developing countries should actively engage in making new international trade rules to safeguard their interests,” said Zhang at the second China-Africa Economic Trade Expo in the central Chinese city of Changsha on Sunday.
The benefits that China has seen since joining the body in 2001 could serve as a “reference” for African countries, even though the multilateral trading system had “flaws”, he said via video link.
“Africa is the only continent that is not yet integrated into the global economy,” Zhang said. “Currently more than a dozen African countries in particular, some important economies, including Ethiopia, Sudan, and South Sudan, are still not WTO members.
But he added it was “no surprise” that some African nations were hesitant to be part of “global trade liberalisation”, as the gains of globalisation have been unevenly distributed and integrating with the international trade system required substantial reform.
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Speaking earlier, Yang Jiechi, a member of the Communist Party’s Politburo, said China would continue to deepen its ties with Africa in trade, infrastructure investment and efforts to fight the coronavirus pandemic.
Beijing signed a free-trade agreement with the government of Mauritius in January – its first ever with an African nation – and has said it is open to reaching similar deals with other countries on the continent.
Xie Chi, vice-president of Hunan University, said more free-trade deals would help China “fill in the gaps” in Africa, allowing for greater integration of industrial and supply chains.