South Africa And China Businesses Ink Pact to Boost Trade

China called for deeper trade and investment ties with South Africa as it pledged to accelerate cooperation in industrialization, agriculture and market access.

Business lobby groups from the two nations on Tuesday formalized a pact aimed at boosting economic relations. The accord signed by Business Unity South Africa and the South Africa-China Economy and Trade Association is a key step toward helping South Africa diversify its exports, Chinese Ambassador to South Africa Wu Peng said at a ceremony in Midrand on the outskirts of Johannesburg.