US EditionSouth Africa Signs Trade Deal With China Amid US Tariffs
South Africa aims to diversify exports amid U.S. tariffs by negotiating a deal granting duty-free access for select goods like fruit to China, its largest trade partner.
- On Friday, China and South Africa signed a framework agreement in China to launch trade negotiations, with Trade and Industry Minister Parks Tau travelling to sign and the ministry expecting finalisation by March.
- With relations strained, Pretoria says it is still negotiating with the United States for a better deal after U.S. imposed 30% tariffs, citing diplomatic fallout with Trump.
- The agreement could allow some South African goods, such as fruit, duty-free access to China, while Chinese companies gain enhanced investment opportunities and Trade Minister Parks Tau highlights benefits for mining, agriculture, renewable energy and technology sectors.
- Pretoria fears U.S. tariffs of 30 percent could cost thousands of jobs, with the South African car sector exposed through 86,000 manufacturing jobs and 125,000 including subcontractors.
- As Beijing outpaces Washington, China eliminated tariffs in June, incentivizing Africa's trade shift toward China and risking influence loss as AfCFTA's market reaches $6.7 trillion by 2030.
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120 Articles
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CAPE TOWN, South Africa (AP) — China and South Africa signed a framework agreement for a new trade deal on Friday as Africa’s leading economy looks to other options following the high import tariffs imposed on it by the U.S. and its diplomatic fallout with the Trump administration. South Africa’s Ministry of Trade and Industry said the agreement would start negotiations over a deal that would give some South African goods, such as fruit, duty-fr…
Facing high Trump tariffs, South Africa close to new trade deal with China
Cape Town: China and South Africa signed a framework agreement for a new trade deal on Friday, February 6, as Africa’s leading economy looks to other options following the high import tariffs imposed on it by the US and its diplomatic fallout with the Trump administration. South Africa’s Ministry of Trade and Industry said the agreement would start negotiations over a deal that would give some South African goods, such as fruit, duty-free access…
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China and South Africa have signed a framework agreement for a new trade deal. It shows how Africa’s leading economy is looking for other options following the high U.S. import tariffs imposed on it by the Trump administration. South Africa’s…
South Africa takes step towards trade deal with China
South Africa said on Friday that its trade minister had signed a framework economic partnership agreement on a visit to China, which it described as a step towards securing duty-free access to the Chinese market for South African exports.
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