China backs zero-tariff access for SA exports as trade relations deepen

CHINA has signaled its readiness to fast-track zero-tariff access for South African goods, opening the door for more local products to enter its vast consumer market under favorable terms.

- SIPHELELE DLUDLA

ZUKO Godlimpi, Deputy Minister of Trade, Industry and Competition, speaking at the South Africa–China Trade and Investment Promotion Conference in Johannesburg on Tuesday. SUPPLIED

(SUPPLIED)

Speaking at the South Africa-China Trade and Investment Promotion Conference in Johannesburg on Tuesday, Chinese Ambassador to South Africa Wu Peng said the initiative forms part of Beijing's broader commitment to deepen economic cooperation with Africa.

“In June this year, President Xi Jinping announced that China is ready to expand zero-tariff treatment for 100% of tarifflines to all 53 African countries that have diplomatic relations with China,” Wu said.

“More than 30 African countries have already signed the framework agreements. China is prepared to work with South Africa to implement these measures as soon as possible.”