China and South Africa urged fellow BRICS governments on Wednesday to fight protectionism and promote multilateral global trade in the face of tariff threats by U.S. President Donald Trump that threaten global trade. President Xi Jinping addresses the BRICS Business Forum held in Johannesburg on Wednesday - Photo: Xinhua Trump’s warnings have given Brazil, Russia, India, China and South Africa fresh impetus to enhance trade cooperation, and officials at a three-day summit that kicked off in Johannesburg on Wednesday found a collective voice championing global trade. The meeting of presidents from the trade bloc is the first since Trump’s administration launched a push to rebalance trade multilateralism that Trump has deemed unfair, relationships which the United States once championed. “It is our sincere obligation to showcase our commitment towards the multilateral trading system, to safeguard the existence of the WTO (World Trade Organisation) and also … [Read more...] about China, South Africa call for trade cooperation at BRICS summit
India and south africa
Bản in : Vietnam, South Africa step up cooperation
Vietnamese Deputy Prime Minister Hoang Trung Hai and South African Vice President Cyril Ramaphosa discussed a number of measures to boost cooperation between the two countries during talks in Pretoria on August 4. The leaders agreed that there is untapped potential for Vietnam-South Africa cooperation in various fields such as national defence, science-technology, shipbuilding industry, and economy-trade-investment as well as agriculture and aquatic breeding and processing. Vice President Ramaphosa welcomed Hai’s official visit to South Africa, which he said holds significant meaning as the two nations develop comprehensive collaboration. It also creates an opportunity for the two sides to review and evaluate the bilateral cooperation in recent years and seek measures to push their sound traditional friendship forward, he noted. He confirmed South Africa attaches great importance to relations with Vietnam – a promising market and an important gateway in the Southeast … [Read more...] about Bản in : Vietnam, South Africa step up cooperation
China promotes cooperation with India and South Africa
(VOVworld) - Chinese President Xi Jinping has met with Indian Prime Minister Narendra Modi and South African President Jacob Zuma on the sideline of the 6th summit of the five emerging market nations, BRICS - Russia, India, China, Brazil, and South Africa - in Fortaleza, Brazil. While meeting with the Indian Prime Minister, the two leaders stressed their efforts to resolve differences in a positive way and search for proper measures for India and China's border disputes through dialogues. The two sides also committed to promoting trade, diplomatic ties and cooperation in culture, education, religion, trade, services, investment and tourism. They also said both sides needed to promote mutual understanding, and face global challenges together. During talks with South African President Jacob Zuma, the two leaders expressed their hopes for raising bilateral relations to a higher level as China and South Africa have great potential for cooperation in energy, minerals, agriculture, … [Read more...] about China promotes cooperation with India and South Africa
France hosts Zuma as South Africa finds G20 voice
PARIS, March 1, 2011 (AFP) - Nicolas Sarkozy will Wednesday welcome South Africa's Jacob Zuma to France as a leader of an emerging great power and a key player in Paris's plan to use its G20 presidency to reform world finance. Sarkozy holds the rotating presidency of both the G8 and G20 power groups, and Zuma leads the newest member of the influential "BRICS", the fast-growing economies of Brazil, Russia, India, China and South Africa. As such his English-speaking giant will be greeted with full state honours in a capital whose African relations have traditionally rotated around client state and oil producers in former French colonies. Sarkozy is determined that his G20 legacy will be the reform of the world financial and trade system, in order to iron out the imbalances that led to the recent global economic catastrophe, and he needs the BRICS's support. In order to win the emerging nations' backing for his market and exchange rate regulation pans, he has put development aid and a … [Read more...] about France hosts Zuma as South Africa finds G20 voice
Local firms have yet to fully tap South Africa market
Local firms have yet to fully tap South Africa market Trung Chanh By Trung Chanh - The Saigon Times Daily CAN THO – South Africa is one of the potential growth markets for Vietnam in Africa, which foreign-invested companies gaining increasing access to but Vietnamese peers having not made use of. Speaking at a seminar on Vietnam-South Africa trade and investment held on Wednesday in Can Tho City, Adrian du Pisannie, first secretary of the South African Embassy, said that two-way trade between the two countries has grown well in the past years with steady export-import turnover rises year after year. While two-way trade was US$195 million in 2007, it rose to US$623 million last year and is expected to hit US$1 billion in the next one or two years. Vietnam’s export to South Africa reached only US$139 million in 2007 but amounted to US$613 million last year, according to Adrian du Pisannie. However, Vietnam’s export to the market is mainly contributed by … [Read more...] about Local firms have yet to fully tap South Africa market