SA increases imports to China

Beijing, China – With the agreements that South Africa has signed with China in relation to trade, the country will see an increase in the imports of agricultural and manufactured products to China.

“We were able to sign eight agreements, many of which have to do with increased trade between the two countries and that has led to the opening up of the Chinese market for South African products, particularly with regards to beef,” President Cyril Ramaphosa said on Thursday in Beijing, China.

Addressing members of the media on the conclusion of his visit to the People’s Republic of China, Ramaphosa said the importation of beef into the Chinese market kept fluctuating as a number of areas in South Africa were affected by livestock diseases such as foot and mouth disease.

“That is a great achievement because it will lead to the increase of our agricultural products coming into China and we should see increased production in South Africa. Whenever such an occurrence would happen, they would ban the whole country, and we were able to reach an agreement that if there is an outbreak of foot and mouth disease it would just be restricted to one area in the country.

“That is a great achievement because it will lead to the increase of our agricultural products coming into China and we should see increased production in South Africa.

“The other area is for manufactured goods and products, to have an easier entry into China. With the agreement that we signed we were able to ensure that China would enable more manufactured goods from South Africa to be brought in. That for us is an important development,” the President said.

Agreements

He noted that China has achieved enormous development in technological development.

“We were able to reach an agreement on science, technology and innovation in terms of cooperation in relation to innovation research and we were able to have good discussions.

“We were able to reach agreements on aspects of our energy security. South Africa has been going through a huge challenge of energy security. China’s assistance in this regard is going to stand us in good stead so therefore our other objective was achieved.

“We also wanted enhanced cooperation on international issues in relation to our cooperation in BRICS is consolidated and solidified and in other multilateral organisations such as the United Nations and financial institutions that there needs to be reforms,” the President explained.

Relations with China

He said at a state level, South Africa has achieved a great deal during the visit to China.

“Our visit has been hugely successful. We will see a lot of progress in the country in developing our relationship with China, remembering that China is the second largest economy in the world. For us as South Africa it is important for us to promote our relations with China.

“China is our biggest trading partner, and we want an all-round cooperative strategic partnership in the new era to take it to a higher level. President Xi Jinping is at pains when he talks about not having enough manufactured goods from South Africa. He wants to see more goods in China from South Africa.”

To this end, President Xi opened the Chinese market for African countries to come and exploit the Chinese market.

“As the most industrialised country on the continent South Africa stands to benefit immensely from this relationship. This is an important market for us as South Africans. This is a county that is willing to deal with us at a very serious, economic and political level.

“This is an important market, and we have seen increased trade between our two countries. At the moment, the trade is imbalanced and in favour of China, rather than in our favour and it is this that we are focusing on, to correct that imbalance.

“That is why we welcome the opening up of the Chinese market for more and more finished goods from South Africa.

“We want to upgrade that economic activity to a higher level, so we are able to bring in more finished mineral goods, products or commodities into China and more finished agricultural products,” the President said.