SA, India and China sign trade MoUs

Co-operative umbrella bodies from South Africa, China and India have signed Memorandums of Understanding (MoUs) to foster business collaboration and partnership between co-ops in their countries. President of the South African National Apex Cooperative (Sanaco), Lawrence Bale, and director of the All China Federation of Supply and Marketing Cooperatives, Li Zhanhai, signed an MoU during the opening ceremony of the third BRICS Co-operatives meeting held in Cape Town at the end of October. “Through this MoU the two national umbrella bodies have committed to realising true and viable collaboration between all co-operative enterprises in China and South Africa,” Bale said.