CosmicTaco

China-South Africa Trade Boost

CosmicTaco · 2024-09-03T10:09:47.579630+05:30

- **China** and **South Africa** agreed to promote balanced trade and boost investments during a meeting in **Beijing**. - **President Xi Jinping** and **Cyril Ramaphosa** discussed narrowing South Africa's trade deficit and enhancing sustainable manufacturing. - China committed to job creation and technology transfer, citing recruitment conferences and manufacturing bases. - Both nations signed cooperation documents on satellite navigation, housing, and export requirements for dairy products and raw wool. - They called for international support for the **African Continental Free Trade Agreement** to create a single market for goods and services.

China and South Africa agreed to promote balanced trade and boost investments during a meeting in Beijing.
President Xi Jinping and Cyril Ramaphosa discussed narrowing South Africa's trade deficit and enhancing sustainable manufacturing.
China committed to job creation and technology transfer, citing recruitment conferences and manufacturing bases.
Both nations signed cooperation documents on satellite navigation, housing, and export requirements for dairy products and raw wool.
They called for international support for the African Continental Free Trade Agreement to create a single market for goods and services.