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China, Ethiopia to expand coffee trade through closer industrial partnership

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China, Ethiopia to expand coffee trade through closer industrial partnership
AI Summary

China and Ethiopia have established a new industrial partnership aimed at expanding the coffee trade between the two nations. The initiative includes leveraging China's zero-tariff policies and modernizing Ethiopian coffee production through Chinese investment and technology.

Why it matters

This partnership highlights China's growing economic influence in Africa and its strategy to secure supply chains for high-demand consumer goods.

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Chinese and Ethiopian companies have agreed to expand coffee trade through forging closer industrial and supply chain partnerships and tapping into potential bilateral agreements, including China's zero-tariff treatment for African countries.

On Tuesday, a trade promotion event involving China's Yunnan Province and Ethiopia was held in Addis Ababa, Ethiopia's capital, to expand high-quality coffee exports from Ethiopia to China.

Speaking at the event, Liu Xiaoguang, minister counselor of the Chinese Embassy in Ethiopia, said the event is part of China's commitment to broadening voluntary opening-up, increasing imports from Africa and upholding the multilateral trading system.

"Ethiopian coffee has become a major supply for China's specialty coffee market. Yunnan, on the other hand, is the heartland of China's coffee industry. Yunnan is eager to introduce original specialty coffee from Ethiopia," Liu said.

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