Minister of Trade Industry and Competition Parks Tau hosted a roundtable discussion with Shu Wei, Vice Minister of the State Administration for Market Regulation (SAMR) of the People’s Republic of China on Monday to boost trade relations.
Minister of Trade Industry and Competition Parks Tau hosted a roundtable discussion with Shu Wei, Vice Minister of the State Administration for Market Regulation (SAMR) of the People’s Republic of China on Monday to boost trade relations. A Memorandum of Understanding on Institutional Connectivity of Rules and Standards was also signed.
Tau said that China remains South Africa’s largest trading partner. “Bilateral trade continues to expand, while investment between our countries continues to make a meaningful contribution to industrial development, economic growth and job creation.”
Tau added that a significant milestone has been China’s implementation of the unilateral zero-tariff arrangement for South African exports, which entered into effect on May 1, 2026, with South Africa implementing the arrangement from June 1, 2026.
“South Africa welcomes this important initiative, which demonstrates China’s commitment to supporting Africa’s industrialisation and creating new opportunities for developing economies to participate more effectively in global trade,” he said.
