China has entered into a landmark trade agreement with South Africa, offering Pretoria zero-tariff treatment for all its exports to the Chinese market.
The pact, signed by Chinese Commerce Minister Wang Wentao and South African Trade Minister Parks Tau on Friday, is designed to provide long-term, predictable access for South African goods and deepen economic integration between the two BRICS partners.
Under the new “Common Economic Partnership” framework, South Africa will enjoy “zero-tariff treatment on 100% of its tariff lines exported to China,” as stated by Minister Wang Wentao.
This arrangement, consistent with World Trade Organization (WTO) rules, is intended to serve as a “long-term, stable and predictable institutional safeguard.”
Minister Wang further expressed China’s willingness to actively support South Africa’s “new investment initiative,” expanding cooperation in the automotive, mining, agriculture, and new energy sectors to build resilient industrial and supply chain partnerships.
For South Africa, the agreement represents a significant economic opportunity. Minister Parks Tau stated the deal would boost trade with China while “increasing exports and rebuilding our industrial capacity.”
He also affirmed a commitment to strengthen cooperation with China within multilateral frameworks like the WTO to uphold global trade rules.
The Chinese offer stands in stark contrast to U.S. trade policy; the United States currently imposes 30% tariffs on imports from South Africa, highlighting the differing geopolitical and economic approaches of Washington and Beijing towards African nations.
This agreement makes South Africa the 33rd African country to sign such a framework with China, underscoring Beijing’s expansive economic diplomacy on the continent.
The deal is part of China’s broader “Big Market for All: Export to China” initiative, which recently saw the United Kingdom become the first country to sign a memorandum of understanding.
By offering preferential access to its massive consumer market, China is strengthening economic ties and securing reliable sources of raw materials and agricultural products, while positioning itself as an alternative trade partner to Western nations.
(YeniSafak)
