The South African Cabinet welcomes agreements with Beijing during President Cyril Ramaphosas two-legged visit the State Visit to the Peoples Republic of China, where he participated in the Forum on China-Africa Co-operation (FOCAC) Summit Minister in the Presidency, Khumbudzo Ntshavheni has said on Friday.
Cabinet received a briefing about the outcomes of the FOCAC meeting held in Beijing, China from September 4 to 6, and also the State Visit by President Ramaphosa to President Xi Jinping of the Peoples Republic of China from September 2 to 4.
Cabinet noted the following key outcomes for South Africa an agreement to change the structure of trade between China and South Africa into value-added manufactured products in particular an agreement reached for South Africa to provide China with a list of at least 100 value-added products for China to consider importing from South Africa, Ntshavheni told journalists in Pretoria.
South Africa secured co-operation from China on three key value chains relating to de-carbonisation, digitalisation, transport and logistics. This co-operation will pave the way to promote investments in electric vehicles, battery manufacturing, renewable energy storage, as well as identified special economic zones and industrial development zones.
She said Chinese investors in both Shenzhen and Beijing expressed interest in expanding their investments in South Africa.
