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French Strategical Report to Counter China's Economic Influence in Africa

Written by Rakotomalala On 4 December 2013 @ 16:10 pm | 2 Comments

In Benin, China, Cote d'Ivoire, East Asia, Economics & Business, English, France, French, Governance, International Relations, Middle East & North Africa, Morocco, Quick Reads, Sub-Saharan Africa, Western Europe

Top Francophone economists & diplomats (namely H El-Karoui from Morocco, T Thiam from Côte d'Ivoire,  L Zinsou from Benin, J-M Severino and H Vedrine from France) submitted a joint report [1] [fr] that outlines the strategy that France should implement to remain competitive on the African Market in the near future. Joel Té-Léssia highlights 15 key points [2] [fr] from the report, one of which is to do away with the “Zone Franc” policy and to allow the regional currency to fluctuate with respect to the Euros. Té-Léssia also underlines the fact that the report is clearly devised to counter  growing influence of China [3] and other emerging nations in the Africa continent. Africa economic growth is projected at 5.2 % [4] in 2014. 

 Six special economic zones setup by the PRC in four African countries on wikipedia CC-BY-2.0 [5]

Six special economic zones setup by the PRC in four African countries on wikipedia CC-BY-2.0

Article printed from Global Voices: http://globalvoicesonline.org

URL to article: http://globalvoicesonline.org/2013/12/04/french-strategical-report-to-counter-chinas-economic-influence-in-africa/

URLs in this post:

[1] joint report: http://www.economie.gouv.fr/rapport-afrique-france-partenariat-pour-l-avenir-hubert-vedrine

[2] highlights 15 key points: http://economie.jeuneafrique.com/regions/international-panafricain/20856-rapport-vedrine-zinsou-la-guerre-economique-a-commence.html#.Up9DrVVRQXk.twitter

[3] influence of China: http://en.wikipedia.org/wiki/Africa%E2%80%93China_economic_relations

[4] projected at 5.2 %: http://www.africaneconomicoutlook.org/en/outlook/forecast/

[5] Image: http://en.wikipedia.org/wiki/File:Chinese_Industrial_Zones_in_Africa_2011.png

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