Posted: November 4, 2019
Deputy Minister Gina Arrives in China
|The Deputy Minister of Trade and Industry, Ms Nomalungelo Gina has arrived in Shanghai, China where she will be leading a delegation of more than 20 South African businesspeople who will be participating in the second China International Import Expo (CIIE) that will take place in Shanghai from 5-10 November 2019.
Gina’s engagements in China will include attending the official opening of the CIIE by the Chinese President Xi Jinping tomorrow, leading proceedings at the official launch of the South African National Pavilion and delivering a keynote speech at the Standard Bank Economic and Trade Fair for China, Africa and Latin America Cooperation session on Wednesday, and attending the Hunan-Africa Economic and Trade Cooperation Forum on Thursday. Deputy Minister Gina will also participate in the Informal World Trade Organisation (WTO) Ministerial Meeting on 5 November 2019 that exchange views on the necessary reform of the WTO and potential outcomes for
“Ours participation in the CIIE will contribute in strengthening both political and economic bilateral relations between South Africa and China. It is also expected to increase trade between the two countries in general, and South African exports of value-added products in particular. As a fellow member of the Brazil, Russia, India, China and South Africa (BRICS) grouping, participating in exhibitions like these will boost intra-BRICS trade and investment,” says Gina.
Since 2009, China has been South Africa’s number one trading partner globally as well as in the Asian region. Total trade between South Africa and China grew from R271 billion in 2013 to R332 billion by the end of 2018.
“We expect companies that we have funded to promote their products in the CIIE to return home with trade leads, orders and deals that will enable them to increase products, create job opportunities and contribute in generating foreign revenue for the country. The expo provides us with an opportunity to increase the export of the South African manufactured products to China,” says Gina.
The CIIE is an open international cooperation platform provided by China for countries to showcase their products and services. It is also an international public platform provided by the Chinese government for all the countries in the world to discuss major issues of foreign trade, world economy and global economic governance.
“The CIIE is gaining a reputation as an ideal international platform for countries to showcase their manufactured goods and services that they reckon can compete with the best in the world. As our country, our participation will go a long way in promoting South Africa as a potential supplier of products and services from a variety of sectors to the huge Chinese market. It will create opportunities for them to access the Chinese market,” says Gina.
The CIIE is part of the Chinese government’s initiatives to support trade liberalisation and economic globalisation by actively opening the country’s huge market to the world. China is expecting to import products and services valued at more than US$10 trillion and this will provide a massive opportunity for enterprises across the world to enter the massive Chinese market.