Third China international import expo opens

National News

5 November 2020

Staff Reporter/ PretoriaLIVE
 
PRETORIA – Chairperson of the African Union and President of South Africa, Cyril Ramaphosa appreciated President Xi Jinping and the People’s Republic of China for ensuring that the Third China International Import Expo takes place despite the challenging circumstances.

President Ramaphosa said, “I have no doubt Chinese companies and investors will find there is much South Africa has to offer in terms of diverse value-added products, goods and services.”

The China International Import Expo is the largest import and export expo. This year, the number of international companies participating is higher than in previous years.
 
This expo was an opportunity for companies from around the world to connect with the Chinese market, and for Chinese companies to forge ties with foreign companies Ramaphosa added.

The first trading date of the African Continental Free Trade Area is two months from now.

This Free Trade area will be the largest in the world. It will boost regional trade, reconfigure continental supply chains and spur economic growth across the continent.

Ramaphosa also spoke on the difficult task of economic recovery in the wake of COVID-19 And thanked the Chinese government for assisting the African continent.

“Your Excellency, on behalf of the African Union member countries I want to thank you for China’s assistance during the pandemic through the provision of medical equipment and supplies, and for pledging debt suspensions to 77 developing countries.”

Ramaphosa added that, “Just as we stand united in the face of the global health threat, so too must we stand and act as one to reverse the negative economic impact of COVID-19.”

South Africa has been a regular participant since the very first Expo in 2018.
 
“May our bonds of solidarity grow stronger. May the common aspirations of our people unite us in pursuit of a better Africa, a better China and a better world” concluded Ramaphosa.
 
PretoriaLIVE

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