Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Categories
    • Categories
    • Africa
    • Air Freight
    • BEE
    • Border Beat
    • COVID-19
    • Customs
    • Domestic
    • Duty Calls
    • Economy
    • Employment
    • Energy/Fuel
    • Freight & Trading Weekly
    • Imports and Exports
    • Infrastructure
    • International
    • Logistics
    • Other
    • People
    • Road/Rail Freight
    • Sea Freight
    • Skills & Training
    • Social Development
    • Technology
    • Trade/Investment
    • Webinars
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines
Africa
Economy

Parliament calls for improved balance of trade between SA and China

27 Oct 2021
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

The Parliaments of South Africa and China have undertaken to strengthen their oversight role to ensure that democracy works to improve people’s lives in both countries.  

Addressing the 5th Regular Exchange Mechanism’s virtual session, National Assembly (NA) speaker, Nosiviwe Mapisa-Nqakula, said although trade had improved significantly, more needed to be done to improve the balance of trade by heightening South Africa’s capacity for value addition and manufacturing, among others.

“Both our countries have already recognised the current balance of trade between our two countries as untenable for the sustenance of mutually beneficial cooperation and agreed to address this,” Mapisa-Nqakula said.

She called for more joint research and development, taking into account opportunities provided by the 4th Industrial Revolution (4IR), as well as greater efforts to address not just the Covid-19 pandemic, but other pandemics that had been worsened by the pandemic, including poverty, inequality, and gender-based violence and femicide (GBVF) in South Africa.

Mapisa-Nqakula highlighted several areas where South Africa could learn from China’s experiences. These include readiness to manage disasters beyond Covid-19, strengthening of public awareness, participation and outreach, including lessons in parliamentary broadcasting, as part of the broader communication strategy.

She further called for the review and improvement of the 15-year-old Memorandum of Understanding entered into in 2006 by the two Parliaments, enhancing the post-pandemic recovery strategies in a manner that eliminated the graphic inequalities exposed by Covid-19, and strengthening performance-based oversight.

“Although the economies of China and South Africa are completely incomparable in size, the cooperation between the two countries recognises the current and untapped potential of each economy that can be developed for mutual and equal benefit,” Mapisa-Nqakula said.

– SAnews.gov.za

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

Non-mineral economy gaining traction in Namibia

Logistics

Collaboration has been a key driver of the country’s recent progress, said Mbahupu Hippy Tjivikua, chief executive of the Walvis Bay Corridor Group.

19 May 2025
0 Comments

Shippers warned to monitor cargo closely during Untu strike

Logistics

Logistics company advises shippers to communicate concerns about urgent or time-sensitive cargo.

16 May 2025
0 Comments

GNU targets livestock auctions after China bans SA beef

Imports and Exports
16 May 2025
0 Comments

New tariff protection for South African wheat hits a snag

Imports and Exports

Itac request for comment for stronger tariff protection for locally produced wheat only protects brown flour.

16 May 2025
0 Comments

Creecy outlines logistics sector reforms

Logistics
Road/Rail Freight

The government is continuing to collaborate with original equipment manufacturers to ensure that spare parts for essential machinery can be sourced.

16 May 2025
0 Comments

Suez Canal offers toll reductions for large containerships

Logistics
Sea Freight

“We are monitoring developments moment by moment and assessing the changing dynamics.” – Maersk.

16 May 2025
0 Comments

Oil spill response in Red Sea under the spotlight

Sea Freight

Workshop focuses on equipping officials and responders with the skills and knowledge to manage and mitigate major marine pollution incidents.

16 May 2025
0 Comments

President Ramaphosa to meet Trump in US

Economy
Other

The engagement will focus on a range of bilateral, regional and global matters of mutual interest.

16 May 2025
0 Comments

Belgium port strike on the cards

Imports and Exports
Logistics

Port operator PSA Antwerp will suspend truck export deliveries ahead of the strike.

16 May 2025
0 Comments

Soy, maize imports surge due to regional drought

Imports and Exports

Dry conditions across the subcontinent forced South Africa to import white maize for the first time since the 2016-17 drought.

16 May 2025
0 Comments

Famers need beyond-banking assistance – futures specialist

Imports and Exports

Agricultural assistance also extends to analysing the South African Futures Exchange.

15 May 2025
0 Comments

SA a top target for cyber attacks

Technology

Increasing dependence on technology to deliver services means security risks are rising.

15 May 2025
0 Comments
  • More

FeatureClick to view

Namibia 23 May 2025

Border Beat

BMA steps in to help DG and FMCG cargo at Groblersbrug
21 May 2025
The N4 Maputo Corridor crossing – congestion, crime and potholes
12 May 2025
Fuel-crime curbing causes tanker build-up at Moz border
08 May 2025
More
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us