Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines
Economy

South Africa strengthens trade ties with Japan

20 Mar 2025 - by Staff reporter
 Source: Shutterstock
0 Comments

Share

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

Deputy President Paul Mashatile has reaffirmed South Africa’s commitment to strengthening diplomatic and economic ties with Japan, during a working visit marking 115 years of relations between the two nations.

Speaking at United Nations University in Tokyo, the Mashatile underscored South Africa’s ongoing collaboration with Japan, highlighting the Strategic Cooperation Partnership established in 2010.

“This year, the two countries celebrate a significant milestone of 115 years of relations,” he said.

He also praised Japan’s significant investment in South Africa – currently 273 companies operate in the country sustaining over 200 000 local jobs.

“These ties have particularly flourished in the fields of trade and investment, science and technology, and education and skills development assistance. Japan is a significant investor in the South African economy, with 273 firms operating in the country, hence sustaining over 200 000 local employment opportunities for many South Africans,” he said.

Earlier on Tuesday, Mashatile held fruitful engagements with Japan’s Prime Minister, Shigeru Ishiba, as well as chief cabinet secretary, Hayashi Yoshimasa. He said these meetings were a sign of the significant people and trade relations between the two sister countries.

Beyond economic ties, cultural exchanges were also in focus. Mashatile visited the historic Meiji Jingu forest, where he reflected on the importance of nature in fostering societal development, linking it to the African philosophy of Ubuntu.

The visit comes as South Africa seeks to bolster international partnerships in light of the geopolitical challenges confronting the nation and the global community.

Mashatile said he had made the visit with the aim of fortifying economic collaboration, particularly in inclusive economic development and to ensure a trade balance between the nations.

“We want our two nations to collaborate with a particular emphasis on promoting inclusive economic development and ensuring a balance and an increase in trade between the two nations.

“This has also been one of the priorities of South Africa’s 7th Administration, popularly known as the Government of National Unity (GNU). The formation of the Government of National Unity is a momentous development in South Africa’s democracy,” he said.

Mashatile also highlighted South Africa’s leadership of the G20 under the theme ‘Solidarity, Equality, Sustainability’.

“We want to make a meaningful contribution to the expressions of the continent through Vision 2063 towards the Africa we want. Such an Africa is one that is more integrated into the global community and acts as a key player in the economy and the socio-political landscape more broadly.

“We believe that in an interconnected world, the challenges faced by one country have an impact at a global level.”

He emphasised the importance of global cooperation in confronting climate change, rising nationalism, and economic instability.

“Our challenges can only be resolved through cooperation, collaboration, and partnership; no challenge and no triumph exist in isolation. Cooperation is our greatest strength and our most powerful weapon,” Mashatile said.

Mashatile arrived in Japan on Sunday and will conclude his visit on Wednesday, 19 March. – 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.

President Ramaphosa appoints special envoy to US

Economy

Mcebisi Jonas will take up the role as the country negotiates with its trading partner.

15 Apr 2025
0 Comments

New ship-to-shore crane for Port Elizabeth Container Terminal

Logistics

The crane is part of Transnet Port Terminal’s R3 billion investment pipeline to boost equipment availability across its ports.

15 Apr 2025
0 Comments

Asian manufacturers rush to beat Trump tariff deadline

Imports and Exports

This sudden surge has placed added pressure on logistics networks, port operations and raw material procurement.

15 Apr 2025
0 Comments

Transnet to brief Ramaphosa on Port of Ngqura

Logistics

The president will conduct an oversight visit during his trip to the Eastern Cape on Tuesday.

15 Apr 2025
0 Comments

SA breaks all-time table grape export record

Imports and Exports

Sati expects table grape yields to increase further as more vineyards are replaced with higher-yielding cultivars.

14 Apr 2025
0 Comments

Walvis Bay gaining ground as strategic gateway

Africa

An important development is the new Kolwezi-Kambimba-Lumwana-Mangu-Katima Mulilo-Walvis Bay corridor by Sandstone Consortium.

14 Apr 2025
0 Comments

Green-iron plant launched near Namibian port

Logistics

HyIron is among the first facilities in the world dedicated to zero-emission iron production.

14 Apr 2025
0 Comments

MERCHANT SHIPPING BILL: Clock’s ticking to object to cabotage

Logistics

Government control of marine traffic will most likely result in the formation of another state-owned entity.

14 Apr 2025
0 Comments

Tariff hike brings Port of Shanghai to a standstill

Imports and Exports

Many major carriers are drastically cutting back on Transpacific routes.

14 Apr 2025
0 Comments

Headwinds for smaller lines as US-China trade war rages

Sea Freight

The sharp decline in demand and spot rates means many of these lines face unprofitability.

14 Apr 2025
0 Comments

IMO approves global carbon fee for shipping

Sea Freight

A new net-zero fund will collect contributions for distribution to reward low-emission ships and to support a just transition.

14 Apr 2025
0 Comments

US-China trade could shrink by 80% - WTO

Economy

The negative macroeconomic effects will not be confined to the world’s two largest economies.

11 Apr 2025
0 Comments
  • More

FeatureClick to view

Sea Freight May 2025

Border Beat

Fuel-crime curbing causes tanker build-up at Moz border
08 May 2025
Border police turn the tide on illegal crossings
29 Apr 2025
BMA officials arrested for enabling illegal immigration
24 Apr 2025
More

Featured Jobs

New

Transport Clerk (DBN)

Tiger Recruitment
Durban (New Germany)
09 May
New

Operations’ Coordinator

Brinks Security PTY LTD
Johannesburg
09 May
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us