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From the South African side trade imbalances, China's impact on South African industry, and concerns over China's influence over South Africa's domestic and international affairs remain issues of concern for bilateral relations. [42] In July 2015 South Africa's deputy president, Cyril Ramaphosa, led a trade and economic delegation to China. [43]
In 2010, trade between Africa and China was valued at US$114 billion [9] and US$166.3 billion in 2011. [67] By 2022, total trade grew to US$282 billion. [68] China has been Africa's largest trading partner since 2009 when it surpassed the United States, [69] and continues to be by far its largest trading partner as of 2022. [68]
In 2018, South Africa exported and imported goods to and from the rest of Africa to the value of US$25 billion and US$11.5 billion, respectively. Intra-Africa exports account for 26% of South Africa's total exports and imports for 12% of total imports for 2018. South African exports to the rest of Africa are predominantly of value-added goods.
BEIJING (Reuters) -South African President Cyril Ramaphosa told China's Xi Jinping on Monday he wanted to narrow his country's trade deficit with Beijing, days before the Chinese leader is due to ...
South Africa is not hugely dependent on U.S. aid, but some fear that the country's preferential trade status under the U.S. African Growth and Opportunity Act (AGOA) could be next.
JOHANNESBURG (Reuters) -Aspen Pharmacare is expanding further into China through a deal to buy the Chinese business of Swiss group Sandoz for up to 92.6 million euros ($100.6 million), the South ...
Peru, China-Peru Free Trade Agreement (2010) Costa Rica, China-Costa Rica Free Trade Agreement (2011) Iceland, China-Iceland Free Trade Agreement (2014) Switzerland, [16] China-Switzerland free trade agreement (2014) Australia, China-Australia Free Trade Agreement (2015) South Korea, China-South Korea Free Trade Agreement (2015)
South Africa and Iran share historical bilateral relations and the latter supported the South African liberation movements. It severed official relations with South Africa in 1979 and imposed a trade boycott in protest against the country's apartheid policies. However, in January 1994, Iran lifted all trade and economic sanctions against South ...