south african minister to visit china to boost trade relations
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

South African minister to visit China to boost trade relations

Arab Today, arab today

Arab Today, arab today South African minister to visit China to boost trade relations

Beijing - XINHUA

South African Minister of Trade and Industry Rob Davies on Thursday said he will visit China during the weekend to strengthen the existing relations between South Africa and China. The minister will be accompanied by 68 companies to take part in the South African expos which will take place in Beijing and Shanghai on Oct. 22-26. "South Africa and China signed the Comprehensive Strategic Partnership Agreement (CSPA) in August 2010, prioritizing 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 value-added products," said the official. The South African minister believed the expo will increase the export of South African goods to China, saying "China has showed some commitment in encouraging companies to invest in South Africa' s manufacturing industry. The expo is a way of luring investors to South Africa." In 2011 the South African exports to China reached the highest of all time at 85 billion rands (about 10 billion U.S. dollars), increasing by 45 percent from 2010. This expo is a follow-up to the 2011 Beijing and Shanghai expos which initiated the shift from commodity exports to value-added ones. "The South African expos which took place last year generated on the spot export sales of value-added products worth 8 million rands, and estimated future export sales over the medium term (next three years) of about 400 million rands," said the minister. The South African delegation will hold investment seminars, business to business meetings and exhibitions in the business expo. South Africa has chosen export sectors products and investment projects that they will table in the engagement with China, including agro processing, oil and gas, renewable energy, infrastructure, automotive, information technology and mining. South Africa expects to have its own high-speed train in future with the assistance of China. A memorandum of understanding will be signed between the two sides in line with promoting South African products in China. "This is a step in the right direction of further strengthening trade relations between the two countries," said the minister.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

south african minister to visit china to boost trade relations south african minister to visit china to boost trade relations

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

south african minister to visit china to boost trade relations south african minister to visit china to boost trade relations

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday