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"The FTA cut tariffs on certain component imports from ROK. The lower production costs will make our excavators more competitive," said Park Chan Hyuk, general manager of Doosan Infracore China Co. Ltd.
The negotiations for upgrading the China-ASEAN FTA are almost completed, and will soon produce positive results, Xi said.
Ballooning trade figures explain their mutual affection. When the forum was first established in 2000, the trade volume between China and Africa stood at 10 billion U.S. dollars.
In the speech, the Chinese president reaffirmed the importance of the five major pillars he highlighted a day earlier that China and African countries should focus on their joint efforts to foster the comprehensive strategic cooperative partnership.
In his keynote address, Xi articulated a bold vision that China intends to pursue in order to strengthen partnership with African countries in diverse fields like trade, industry, health, agriculture, education, security and environment.
来源：资阳报