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South African Trade Agreements With China

In August 2010, President Jacob Zuma led a South African delegation of 17 cabinet members and 300 businessmen to China[33] where they signed the Beijing Declaration on the establishment of a comprehensive strategic partnership between the People`s Republic of China and the Republic of South Africa. A visit by South African National Assembly spokesman Max Sisulu followed in October 2010. In November 2010, Chinese Vice President Xi Jinping () travelled to South Africa to meet with South African Vice President Motlanthe and sign bilateral cooperation agreements in the fields of energy, trade statistics, banking regulation and other areas. [32] His visit was followed in May 2011 by an official goodwill visit by wu Bangguo (吴), the chief Chinese legislator, as part of his trip to Asia-Africa, including Namibia and Angola. [34] Relations between states and South Africa expanded considerably in 2010 following a series of high-level official visits and exchanges of officials from both countries. In late March 2010, CPPCC President Jia Qinglin (贾) visited South Africa and met with South African President Jacob Zuma and signed contracts worth more than $300 million. [32] In late September 2011, South African Vice President Motlanthe led a trade delegation to Beijing at the invitation of Chinese Vice President Xi. During the visit, the China Development Bank and the Development Bank of South Africa signed a $2.5 billion agreement. The two countries also signed a Memorandum of Understanding on Geological Exploration and Mineral Resources. [35] Official relations between the Cpp and South Africa were established in January 1998. The dismantling of the apartheid regime in South Africa and the fall of the Soviet Union in the early 1990s opened the possibility of establishing official relations between the People`s Republic of China and South Africa. Before the 1990s, for strategic and economic reasons, South Africa had close official relations with the Taiwanese government. With regard to African countries in the southern African customs union in particular, China`s bilateral trade is also on the rise.

We can see each of these, as described below. There are other aspects of free trade that need to be cleaned up. China grants tariff concessions to least developed countries (LDCs) under the WTO and grants duty-free access to 97% of tariffs on products exported to China, whether or not these countries have diplomatic relations with China. Among the SACU nations is Lesotho, in addition to 20 other African nations. China will therefore have to cooperate with both Lesotho and the WTO to promote a SACU free trade agreement that includes an LDC nation. China`s overall commitment to Africa in recent years has been quite intense. Chinese companies, in partnership with competent African governments, have invested heavily across the African continent in creating a series of free trade zones and special economic zones. In 2014, it was learned that the Chinese Communist Party will support and build a political training school for South Africa`s ruling political party, the ANC, in Venterskroon.

[45] More and more South African government officials are being sent to Chinese government schools in Beijing. South Africa plans to send more and more South African parastat leaders to investigate China`s relations with its state-owned enterprises. [3] [46] [47] A number of anniversarists such as Patrick Heller[45] argued that the ruling ANC in South Africa viewed the Chinese Communist Party as a model for maintaining control of the country as a de facto one-party state and/or an aspect of the anti-Western sentiment of South African government states. [2] [3] Trade and Industry Minister Ebrahim Patel stressed that the signing of the agreements “will create jobs for young people, increase South Africa`s industrial presence and increase the country`s gross domestic product.”