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Resource-based African Development Strategy - Partnership to Cut ...

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RADSe.g. an Africa-PRC “Compact”for Growth & <strong>Development</strong>?• Configure a mutual benefit “compact” of intentbetween the AU/AfDB and PRC that “balances”access <strong>to</strong> resources and markets with:– Infrastructure not only for resource extraction, butalso for integrated development (Nepad SDP concept)– HRD in all the FDI areas– <strong>Resource</strong> beneficiation before export– <strong>Resource</strong> inputs (supplier) industries– JVs <strong>to</strong> develop local capital– Investment t in geo-survey (joint “Afro-Sino” JRC DFI?)– Location of consumer products industries for productsdestined for <strong>African</strong> markets (where viable) – (AGOA,EPAs, MGOA?)– Adherence <strong>to</strong> codes of conduct (EITI, Equa<strong>to</strong>r Banks,SHE codes)• Establish a joint Africa-PRC investmentfacilitation & moni<strong>to</strong>ring commission?ACHIEVABLE??<strong>Resource</strong>-<strong>based</strong> <strong>African</strong> <strong>Development</strong> <strong>Strategy</strong>

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