SA, China Sign MoU to Enhance Trade Cooperation

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Cooperation in export, import, investment, business information and other commerce-related activities between South Africa and China is set to improve following the signing of a Memorandum of Understanding (MoU) between the Johannesburg Chamber of Commerce and Industry and the China Council for the Promotion of International  Trade.

“There are also great opportunities for South African and Chinese businesspeople to explore cooperation in infrastructure construction projects such as roads, railways, ports, power generation, airports and housing,” said Ambassador Sadick Jaffer, Chief Director of Investment Promotions at South Africa’s Department of Trade and Industry.

The MoU will provide opportunities for joint ventures to benefit members of both organizations, Wang Huizhong, Vice Chairman, Standing Committee of Zhejiang Provincial People’s Congress noted.

Jaffer and Huizhong were speaking at the SA-China Zhejiang Trade and Investment Symposium in Sandton where the MoU was signed.

The Symposium brought together South African and Chinese businesspeople to establish long-lasting mutually-beneficial trade and investment relations and to strengthen bilateral trade relations between South Africa and China.

Jaffer added, “Our engagements through platforms of this nature reflect our common determination to take our economic relations to greater heights.”

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