DTI markets SA products in China

The Department of Trade and Industry (DTI) remains committed to increasing relations with China, evidence of which was a recent investment and trade mission. The delegation visited the Chinese cities of Hong Kong, Beijing, and Shanghai before culminating in a national pavilion at the China International Fair for Investment and Trade (CIFIT) in Xiamen. Some 33 exporters and 17 South African companies seeking investment partners participated. The aim of the mission was to create market penetration for South African value-added products and services in China, while also promoting South Africa as a trade and investment destination. With 80% of the delegation being funded by the DTI through its export marketing and investment assistance scheme, the ITI forms part of the DTI’s export promotion investment strategy that focuses on China as a new high growth export and investment market. “Economic and trade relations between South Africa and the People’s Republic of China have grown rapidly since the formal establishment of diplomatic relations in 1998,” said a DTI spokesman.