https://www.engineeringnews.co.za

SA, China ink cooperation deals to enhance bilateral trade

5th December 2014

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

South Africa and China this week entered into several strategic agreements to strengthen bilateral relations, trade cooperation and create sustainable mutual investment opportunities.

The two countries signed a five- to ten-year Strategic Programme on Cooperation focusing on several avenues of bilateral cooperation, including political mutual trust and strategic coordination, mutual beneficial economic cooperation and trade and people-to-people exchanges and cooperation.

The strategic programme would also extend the collaboration to African affairs and China–Africa relations, as well as international affairs and issues relating to the economic bloc of Brazil, Russia, India, China and South Africa.

The agreements aligned with President Jacob Zuma’s State visit to China this week during which official talks with China’s President Xi Jinping were held.

“We will also look at ways of enhancing cooperation in various sectors such as finance, the environment – including cooperation on the Ocean economy – and trade and investment, as well as transport and agriculture,” Zuma said.

Improved cooperation in the financial sector, in particular, would allow easier access to each country’s financial markets, he noted.

Further, to redress structural imbalances in China–South Africa bilateral trade, agreed minutes were signed to synergise bilateral cooperation in trade and investment between South Africa’s Department of Trade and Industry and China’s Ministry of Commerce.

An Action Plan on Agriculture Cooperation between the two nations from 2014 to 2016 was also agreed during the State visit.

The agriculture-related agreements would see agricultural capacity building through the exchange and sharing of delegations, technology and personnel.

Further, the hosting of technology and management workshops and strengthening cooperation between the two countries’ research institutes, universities and colleges were promoted through the agreements.

China and South Africa also agreed on the protocols of phytosanitory requirements for the export of maize and apple fruit from South Africa to China, as well as the protocols of phytosanitory requirements for the export of dates from China to South Africa.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.07 0.124s - 155pq - 2rq
Subscribe Now