South Africa needs a free trade deal with China, not the Belt and Road Initiative

February 17, 2021 business maverick 0 Comments

In November 2020, I posed several parliamentary questions to the Minister of Trade, Industry and Competition, Ebrahim Patel, regarding South Africa-China trade relations. Of concern to me at the time was the R6.9-billion trade deficit we experienced for 2019, as well as the absence of a trade deal between our two countries. In response, Patel cited two issues that his department had identified with our trade relations, namely the composition of trade, and underinvoicing by the Chinese. With respect to the composition of trade, he stated that “… our concerns are that exports to China are largely made up of raw materials, whilst we principally import finished goods. Read More.

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