Chinese Ambassador Wu Peng has emphasized the need for enhanced bilateral trade and economic collaboration between China and South Africa. In a post on X, he expressed the Chinese government's openness to more South African agricultural and industrial products entering the Chinese market.
Ambassador Wu Peng noted, "I had a good meeting with Dr Ntshabele, CEO of the Citrus Growers' Association of Southern Africa, and Ms Ratshitanga, CEO of Fruit SA. Very fruitful discussion." He further highlighted the importance of strengthening bilateral trade amidst global trade protectionism, stating, "The Chinese government welcomes more South African agricultural and industrial products to enter the huge Chinese market."
Agricultural economist Wandile Sihlobo remarked on the significance of such statements from Chinese officials, emphasizing China's role in global agriculture. In 2023, China was a leading importer, responsible for 11% of global agricultural imports, valued at $218 billion. Key suppliers to China include Brazil, the US, Thailand, and others. However, China is diversifying its agricultural exports beyond these traditional suppliers, a process accelerated by US tariffs in 2018 and ongoing through 2025.
South and Latin American countries, along with Australia, have benefited from China's diversification strategy. Sihlobo suggests that South Africa should engage in this dialogue, noting, "And what Ambassador Wu Peng raises — China's interest in South African agricultural products — is a starting point for a deeper trade conversation." He advises that South African authorities should proactively present a range of exportable products to China.
Currently, South Africa holds a minor position in the Chinese agricultural market, contributing just 0.4% ($979m) of China's $218bn agricultural imports in 2023. These exports include fruits and nuts. Sihlobo points out the potential for expanding these exports, stating, "There is room for more ambitious agricultural export efforts."
The South African agricultural sector emphasizes the necessity of reducing Chinese import tariffs and removing phytosanitary barriers on various products. Sihlobo concludes, "There is now a pathway to have a productive conversation about this matter and move with speed."
Source: Freight News