Cape Town - The Johannesburg Chamber of Commerce and Industry and the China Council for the Promotion of International Trade have signed a memorandum of understanding (MoU) to enhance co-operation between their members, South Africa's Department of Trade and Industry (DTI) said on Tuesday.
The agreement was signed on Monday at the SA-China Zhejiang Trade and Investment Symposium in Sandton, which was attended by a business delegation from China's Zhejiang province under the China Council for the Promotion of International Trade.
The MOU covers the fields of export, import, investment, business information and other commerce-orientated activities.
Speaking at the symposium, the chief director of investment promotions at the dti, Ambassador Sadick Jaffer, said co-operation and collaboration between business people from China and South Africa was encouraged in order to deepen trade relations.
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"There are also great opportunities for South African and Chinese business people to explore co-operation in infrastructure construction projects such as roads, railways, ports, power generation, airports and housing," said Jaffer.
Speaking at the same event, the vice chairman of the standing committee of Zhejiang Provincial People's Congress, Wang Huizhong, urged business people to take advantage of the opportunities provided in the MoU and collaborate or form joint ventures to explore them.