SA, China cement economic ties

Zuma with Chinese president

Zuma with Chinese president

PRETORIA – SOUTH Africa has signed several strategic agreements with China following a two-day state visit by President Jacob Zuma.

The agreements signed would see the two countries cooperate in various bilateral cooperation such as Political Mutual Trust and Strategic Coordination;

Mutual Beneficial Economic Cooperation and Trade; People-to-People Exchanges and Cooperation; African Affairs and China-Africa Relations as well as Cooperation in International Affairs and BRICS related issues.

President Zuma said the two countries agreed to improve bilateral cooperation in trade and investment in order to redress the structural imbalance in their bilateral trade.

He said ‘Action Plan’ on Agriculture cooperation between the two countries would see South Africa export maize and apple fruit to China while Protocol of Phytosanitory Requirements for the Export of Dates from the People’s Republic of China to the Republic of South Africa.

“The signing of the agriculture related agreements was affirmation that both countries stand ready to strengthen personnel and technology exchanges as well
as promote agricultural capacity building through exchanging delegations.

“The agreement further promotes hosting technology and management workshops, and strengthening cooperation between research institutes, universities and colleges of the two countries,” Zuma said.

He said the agreements, affirm the Beijing Declaration on the Establishment of a Comprehensive Strategic Partnership which was signed in 2010, and will further enhance the strategic relations that the two countries enjoy.

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

He also said South Africa was looking forward to the conclusion of the 5 to 10 Year Framework on Cooperation during this visit, which will further enhance the implementation of the outcomes of the Bi-National Commission and the Inter-Ministerial Joint Working group.

“We need to improve cooperation in the financial sector, allowing easier access to each other’s financial markets,” the President said.

The two countries are members of the world’s fasted growing economic grouping dubbed BRICS nations (Brazil, Russia, India, China and South Africa).

– CAJ News

















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Posted by on Dec 5 2014. Filed under Africa & World, Featured, Finance, Finance & Banking, Investing, Investing, News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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