Togo-China: Trade stood around $3 billion in 2021

Economic governance
Thursday, 30 June 2022 13:12
Togo-China: Trade stood around $3 billion in 2021

(Togo First) - Trade between Togo and China rebounded last year. It reached nearly $3 billion, said on June 28 the Director-General of African Affairs at the Ministry of Foreign Affairs in China, Wu Peng. The Chinese official, who is also Secretary-General of the FOCAC monitoring committee for his country, was in Lomé for a working session with his Togolese counterpart.

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According to Peng, the $3 billion corresponds to a 33% increase, compared to 2020 when the figure stood at $2 billion, barely, as trade had been hurt by Covid-19. The official said that the recent growth shows “the huge potential for cooperation” between Lomé and Beijing, and China’s efforts to revamp trade with Africa as a whole.  

This year, from January to May, China imported nearly $50 billion worth of goods from Africa, Wu Pend revealed.

Octave Bruce  

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