Trade and Industry Minister Dr Rob Davies will lead a delegation of 68 companies to in Beijing and Shanghai, China, next week.
The South Africa China Expos 2012, from October 22 to October 26, is an initiative that seeks to expand the basket of export products into China, and change the current structure of trade to comprise more value-added products over the long term.
“South Africa and China signed the comprehensive strategic partnership agreement in August 2010, prioritising the improvement of the structure of trade between the two countries, in particular by working towards a more balanced trade profile and encouraging trade in manufactured value-added products,” Davies noted.
He also said China was committed to encourage its enterprises to increase investment in South Africa’s manufacturing industry and promote the creation of value-adding activities in close proximity to the source of raw materials.
“The South Africa China Expos which took place last year, generated on-the-spot export sales of value-added products worth R8-million and estimated future export sales over the medium term (next three years) of about R400-million,” added Davies.
South Africa has identified agro-processing, chemicals, plastics, steel, aluminium, electro-technical, the manufacturing sector, capital equipment and paper and pulp as the top export sectors/products to be prioritised in its engagements with China.
The expos programme would comprise of exhibition, investment seminar and business-to-business meetings. The investment seminar would focus on beneficiation, renewable energy and manufacturing.
South Africa’s exports to China have reached an all-time high in 2011, valued at R85-billion, displaying a 45% increase in exports from 2010.
A memorandum of understanding between the Department of Trade and Industry and the International Brand Management Centre pertaining to the promotion of South African products in China would also be concluded during the visit.