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THE Forum on China–Africa Co-operation (Focac) meeting expected to improve the state of relations in socio-economic affairs between China and African countries started in Victoria Falls yesterday.
In an interview, the public relations officer in the Attorney General’s office, Mr Noah Mazvidza, said the meeting was also expected to come up with a new legal framework for conflict resolution between Chinese companies and African countries.
The meeting started with a closed door plenary session ahead of the official opening today.
“Delegates attending the Forum on China Africa Co-operation have started arriving in Victoria Falls. The meeting will look at among other things a new legal framework for conflict resolution in case of conflicts between Chinese companies and countries they are operating in. Any conflicts should be solved legally and therefore the need to craft laws to guide both sides,” he said.
High ranking officials from countries including Nigeria, South Africa, Malawi, Democratic Republic of Congo, Eritrea and China are expected to attend the meeting.
There have been five summits held to date, with the most recent meeting having occurred from 19-20 July 2012 in Beijing, China. Previous summits were held in October 2000 in Beijing, December 2003 in Addis Ababa, November 2006 in Beijing, and November 2009 Sharm El-Sheikh, Egypt.
China is the world’s second largest economy by nominal GDP and by purchasing power parity after the United States.
It is the world’s fastest-growing major economy, with growth rates averaging 10 percent over the past 30 years.
China is also the largest exporter and second largest importer of goods in the world.
China is the largest manufacturing economy in the world outpacing its world rival in this category, the service-driven economy of the United States.
Online Reporter