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Monday, December 7, 2015

South Africa, China Sign Billion Trade and Industry Deals

South Africa, China Sign Trade and Industry Deals -
President Jacob Zuma and President Xi Jinping during the
state banquet held at the Presidential Guest House in Pretoria.
South African President Jacob Zuma hosted his Chinese counterpart President Xi Jinping, who is in South Africa on a State Visit, during which the two will host the Forum for China-Africa Co-operation (FOCAC) summit.
The heads of state evaluated the progress achieved by the bilateral relationship following the conclusion of the Five to Ten Year Strategic Programme for Co- operation adopted at the end of 2014, during Zuma's visit to the People's Republic of China.
A progress report outlined the goals achieved in the implementation of the strategic programme with specific reference to the six priority areas identified for 2015, including:
  • Alignment of industries to accelerate South Africa's industrialisation process
  • Enhancement of co-operation in special economic zones (SEZs)
  • Enhancement of marine co-operation
  • Infrastructure development
  • Human resources co-operation
  • Financial co-operation
Following the progress made in these areas, a number of new and renewed agreements were signed today, including:
  • Action Plan on the Strengthening of the Joint Working Group between China and South Africa
To accelerate bilateral co-operation on major projects, both sides agreed to further strengthen the Joint Working Group through the action plan to emphasise the following aspects: locomotive procurement, civilian nuclear energy project, investment in renewable energy, investment co-operation in industrial parks, trade promotion, specifically focused on South African product expos and Chinese trade missions, promoting the export of South African products to China and co-operation in Black Industrialists Programmes; visa facilitation, financial cooperation and the upgrading of national electricity transmission and distribution system.

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