The file photo Shows the South African exhibition hall in the first China International Import Expo (CIIE) in Shanghai, China, on Nov. 5, 2018. (Xinhua/Sha Dati)
South African companies will showcase their products in the second China International Import Expo (CIIE) next week, they hope to penetrate the Chinese market to increase the export of value-added products to China. The country's participation will also promote political and economic bilateral relations between South Africa and China.
JOHANNESBURG, Oct. 31 (Xinhua) -- South African companies will showcase their products in the second China International Import Expo (CIIE) next week where they hope to penetrate the Chinese market, a South African government official said.
South Africa's Deputy Minister of the Department of Trade Industry and Economic Development Nomalungelo Gina said earlier this week that the event will give the companies an opportunity to increase their footprint in China.
"Our continuous participation in the CIIE will contribute significantly in helping us to increase the export of value-added products to China. There are concerted measures underway to promote value-added goods and services by broadening the export base and increasing South Africa's market share in China," said Gina.
She stated that the country's participation will contribute in strengthening both political and economic bilateral relations between South Africa and China.
The photo shows the second China International Import Expo's exhibition center in Shanghai, China. (Xinhua/Fang Zhe)
"As a fellow member of the BRICS (Brazil, Russia, India, China and South Africa), participating in exhibitions like these will boost intra-BRICS trade and investment," said Gina.
She noted that China wants to import products and services valued at more than 10 trillion U.S. dollars and this presents an opportunity to enter the huge Chinese market.
Gina said the annual CIIE is an international public platform provided by the Chinese government for all the countries in the world to discuss major issues of foreign trade, world economy and global economic governance.
China will host the second CIIE in Shanghai on Nov.5-10. ■