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Premier Li: China-Africa trade volume to top $400 bln by 2020

Updated: May 7,2014 5:25 PM

Premier Li Keqiang is wrapping up the last day of his visit to Ethiopia, the first stop of his four-country tour in Africa. His next destination is Nigeria.

On May 5, 2014, Premier Li laid out a framework for China-Africa cooperation in a speech at the headquarters of the African Union. Speaking in Addis Ababa, Premier Li set the target for bilateral trade volume to top $400 billion by 2020.

Also on May 5, Li Keqiang met the chairperson of the African Union Commission Nkosazana Dlamini Zuma at the AU headquarters. Li said China firmly supports the African Union’s leading role in African integration and maintaining regional peace and security.

The two sides say they will work together to build a fairer world order. After the meeting, the two leaders witnessed signing of cooperation documents and released a joint declaration.

They also visited a Chinese rail and aviation exhibition in Addis Ababa, together with Ethiopian Prime Minister Hailemariam Desalegn.