{"id":13772,"date":"2024-09-03T23:42:00","date_gmt":"2024-09-03T23:42:00","guid":{"rendered":"https:\/\/gbc1.net\/?p=13772"},"modified":"2024-09-04T20:27:15","modified_gmt":"2024-09-04T20:27:15","slug":"focac-pre-summit-ministerial-conference-ponders-agro-processing-to-reap-more-local-benefits","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2024\/09\/03\/focac-pre-summit-ministerial-conference-ponders-agro-processing-to-reap-more-local-benefits\/","title":{"rendered":"FOCAC Pre-Summit Ministerial Conference Ponders Agro-Processing to Reap More Local Benefits"},"content":{"rendered":"\n

On 3 August 2024, the #FOCAC<\/a> Pre-Summit Ministerial Conference took place in Beijing. The Conference was co-chaired by Chinese Foreign Affairs Minister WANG Yi and Senegalese Foreign Affairs Minster Yassine Fall.<\/p>\n\n\n\n

Minister Wang pointed out that the Summit is happening within a difficult global context plagued by hyperinflation, financial fragility, political upheavals and geopolitical challenges. Under these circumstances, China and Africa will aim for ‘high-quality cooperation’ and strive to draft ‘a new blueprint for a shared destiny’.<\/p>\n\n\n\n

On the other hand, Minister Fall believes that the Sino-African ties should be focused on three areas: #Industrialization<\/a>, #AgriculturalModernization<\/a> and Technical Education (#TVET<\/a>). <\/p>\n\n\n

\n
\"9th
9th FOCAC Summit 2024 to Look at Agricultural Modernization<\/figcaption><\/figure><\/div>\n\n\n

In a way, the three areas are inter-related. In order to reap greater economic benefits, Africans would like to perform more Local Value Addition (#LVA<\/a>) and build up a complete ecosystem for a given sector. In order to do that, Africa would need agro-processing plants manned by a skilled workforce and that is where the Technical and Vocational Education and Training comes in to play. <\/p>\n\n\n\n

Taking cocoa and cashew nuts as two cases in point. Currently, African economies are mostly at the bottom of the Global Value Chains (#GVC<\/a>) and thus end up with ‘peanuts’, in a manner of speaking.<\/p>\n\n\n\n

More than 80% of infrastructure development in Senegal is undertaken by Chinese companies. She has noted a ‘quantitative and qualitative quantum leap’ in terms of cooperation between Senegal and China. Following the #FOCAC2024<\/a> Summit, the Senegalese delegation is planning a visit to the province of Shandong.<\/p>\n\n\n\n

She also expressed the wish for the intervention of China to pre-empt and resolve conflicts on the African continent in order to maintain Peace and Security.<\/p>\n","protected":false},"excerpt":{"rendered":"

On 3 August 2024, the #FOCAC Pre-Summit Ministerial Conference took place in Beijing. 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