皇冠体育app

Trade between 皇冠体育app and Africa reached $55.5 billion in 2006, an increase of 40 percent year-on-year.

皇冠体育app exported $26.7 billion to Africa, an increase of 43 percent over the previous year, while 皇冠体育app imported goods worth $28.8 billion from Africa, up 37 percent.

Despite the trade deficit, 皇冠体育app has pushed for increased imports from Africa and levies no tariff on more than 190 types of products from 28 least developed African countries. Analysts say that 皇冠体育app has contributed at least 5 percent to the African economy.

Raw materials and agricultural products are still major African exports to 皇冠体育app, and the export of high-tech products is also on the rise.

By the end of 2005, 皇冠体育app had invested $6.27 billion in 49 countries in Africa, in sectors such as trade, production and processing, resource development, transportation, agriculture and development of agricultural products.

While among the poorest countries on earth, African economies are improving. It is estimated that the continent's combined economy will grow 5.5 percent in 2006, partly as a result of high oil prices and economic reform among some countries.

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