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Deputy President Cyril Ramaphosa says South Africa and Africa must ensure structural transformation of their trade with China, to export more value-added and labour intensive products, and to move away from their dependence on raw materials exports.
Poultry associations from South Africa and the US, and their governments, have reached an agreement to allow American chicken imports into South Africa after months of negotiations. The deal secures South Africa's participation in the Africa Growth and Opportunity Act.
Agreement will be reached on poultry exports and anti-dumping duties, a sticking point in US and South African trade negotiations, according to Minister Rob Davies, who has been in discussions with his US counterpart over the Trade and Investment Framework Agreement and Agoa.
Five bilateral agreements aimed at benefitting both countries were signed when South African President Jacob Zuma met his Zimbabwean counterpart Robert Mugabe at the Union Buildings in Pretoria on Wednesday. It is Mugabe's first state visit to South Africa since 1994.
Trade between Denmark and South Africa has been on the upsurge since 2009. To cement the good relations, Danish minister Mogens Jensen has committed to increase commerce between the two countries by 50%.
South African International Relations Deputy Minister Marius Fransman arrived in Bogota, Colombia on Wednesday for the final leg of his four-nation trip to Latin America and the Caribbean.
Business Unity SA has welcomed the revived economic ties between South Africa and the US, after Trade and Industry Minister Rob Davies and US Trade Representative Ron Kirk signed a trade and investment framework agreement.
International Relations Minister Maite Nkoana-Mashabane, speaking at a G20 ministerial meeting in Mexico, reiterated South Africa's call for developing countries, particularly those in Africa, to be given a voice in major global institutions.
The India-Africa Business Network, recently launched at the Gordon Institute of Business in Johannesburg, is set to boost trade and open new business and investment channels between India and South Africa.
South Africa is set to benefit in the next 10 to 15 years from major investment in infrastructure and manufacturing from the BRICS grouping - Brazil, Russia, India, China and now SA - write John Battersby and Yingni Lu.
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