The data released in Johannesburg, South
Africa show the percentage of total export volume to China from
Tanzania was 0.47 per cent while Kenya 0.08 per cent.
Africa total exports to China were
slightly over 100 million US dollars and South Africa is leading the lot
by controlling a lion share of 48 per cent. South Africa is followed by
Angola that controls 34 per cent of total Africa exports to China in
2014.
On position three is republic of Congo
with 6.0 per cent. The number four is South Sudan with 5.0 per cent and
like Angola they mainly export oil to China.
Nigeria, despite being the continent’s
biggest economy exported 3.0 per cent. It ranks number five. Ghana is on
sixth position. Algeria and Egypt are controlling one per cent each,
then comes Tanzania and the last in the list is Kenya.
On other hand while Tanzania exports
merely 0.5 per cent it imports good and services of 5.0 per cent to
create an imbalance in favour of China of 4.5 per cent. In the first
half of this year, trade volume between Tanzania and China had reached
2.31 billion US dollars (over 4.6tri/-) in favour of Beijing.
The level is slightly over the total
amount reached last year of 4.32 billion US (8.6tri/-), an amount which
China said is not enough.
The Chinese Embassy, Chief Economic and
Commercial Representative, Mr Lin Zhiyong, said though the amount seemed
huge, it was still too small. “I say it’s small... and we can do more
than that,” Mr Lin said.
The amount of trading of Sino-Tanzania
is fractional of the amount traded for China- Africa of 220 million US
dollars last year. The economist said though the trade increased but it
is in favour of China and does not please Beijing hence his country pays
high attention on promoting balanced trade.
The Chinese ministry of commerce report
shows that Tanzania, Ghana, Benin all import 5.0 per cent of goods from
China to be ranked at last but one position of list of 10.
Morocco is at bottom with 4.0 per cent.
The list is topped by Nigeria and South Africa both controlling 21 per
cent of total imports of African countries from China in 2014.
Kenya, Angola, Algeria and Egypt imports
from China share were 7.0 per cent, 8.0 per cent, 10 per cent and 14
per cent respectively. To cut the import-export deficit China trumpeting
of industrialized Africa that way it manufacturing domestic and exports
goods.
Tanzania was in the fourth position of
total foreign direct investments (FDIs) to Africa after attracting 171
companies from China up to the end of 2014. In EAC it leads followed by
Kenya with 132 firms. In Africa Kenya was on position seven.
In Africa Nigeria leads after attracting
334 companies, the South Africa 229 companies, and Zambia 213 entities
from China. Ethiopia with 167 firms on postion five while Ghana (152)
was on position six, Angola (131) on slot eight, Egypt (125) position
nine and DR Cngo (112) the last on top ten.
China said it pays high attention to
promote balanced development of China-Africa trade and has taken number
of effective measures.
Those measures include unilateral
zero-tariff treatment to 97 per cent of products from Africa, and adding
value of Africa agro-produce. In the first ten months of 2015 China’s
FDIs to Africa reached 95.2 billion US dollars and is expected to
surpass 100 billion US dollar mark.
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