All Articles Tagged "u.s. trade with africa"
(Wall Street Journal) — Secretary of State Hillary Clinton on Friday warned that China didn’t always have Africa’s interests at heart as it invested and offered assistance on the continent, highlighting frictions between the countries as economic stakes on the continent rise. In remarks to reporters after the close of a business conference in the Zambian capital of Lusaka, Mrs. Clinton said China “has not always utilized the talents of the African people in pursuing its business interests.” She added, however, that the U.S. also wanted to work more closely with China, and had instructed embassies to seek “areas of cooperation” with Chinese counterparts in Africa. She told the conference the U.S. was embarking on “a new way of doing business” that seeks to foster grass-roots commercial activity rather than aid. ”Our approach is based on partnership, not patronage. It is focused not on handouts but on the kind of economic growth that underlies long-term progress,” Mrs. Clinton said. “Ultimately, it is aimed at helping developing countries chart their own futures and, frankly, end the need for aid at all.”