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South Africa-China trade jumps 24% after zero-tariff deal
Trade between South Africa and China reached almost $15 billion from May to August, nearly 24% higher than a year earlier, following a zero-tariff agreement.
Why it matters
Deeper ties with China offer South African exporters an alternative as US trade barriers rise.
Background
China is South Africa's largest trading partner. Both are members of the BRICS group.
The story so far
- Ramaphosa tells South Africa to prepare for losing US trade access
- South Africa-China trade jumps 24% after zero-tariff deal
- US to drop South Africa and Rwanda from duty-free trade deal
- US removes South Africa and Rwanda from AGOA trade program
Sources
- Africanews ↗Oct 23, 11:13 AM ET
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