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.
South Africa and China have taken another step towards deepening their comprehensive strategic partnership, signing new agreements aimed at strengthening trade cooperation, improving regulatory alignment and creating greater opportunities for businesses in both countries.
The agreements were reached during a meeting between Parks Tau, South Africa's minister of trade, industry and competition, and Shu Wei, vice minister of China's State Administration for Market Regulation. The meeting reflected the shared commitment of both governments to advancing practical cooperation and promoting high-quality economic development.
At the heart of the discussions was the signing of a Memorandum of Understanding on Institutional Connectivity of Rules and Standards, which seeks to enhance cooperation in market regulation, product standards, accreditation, conformity assessment and quality infrastructure. The framework is expected to facilitate smoother trade by reducing technical barriers that can delay the movement of goods between the two markets.
