South Africa and China Sign Framework Agreement on Trade and Investment

Category: Blog

Category: Industry News

Time:2026-02-09

On February 6, South Africa and China signed a Framework Agreement on Trade and Investment in Beijing, aimed at facilitating the tariff-free entry of more South African products into the Chinese market and promoting Chinese investment in South Africa. The agreement, known as the China-Africa Economic Partnership Agreement (CAEPA), was signed by Parks Tau, South Africa’s Minister of Trade, Industry and Competition, and Wang Wentao, China’s Minister of Commerce. According to South Africa’s Ministry of Trade, Industry and Competition, the agreement covers cooperation in trade, investment, multilateral collaboration, and the field of new energy. South Africa pointed out that the CAEPA is designed to deepen bilateral trade relations while establishing relevant safeguard mechanisms to protect South Africa’s domestic industrial capacity. Following the signing of the framework agreement, both sides will continue negotiations and plan to conclude an “Early Harvest Agreement” by the end of March 2026. Chuangcai stated that as China-South Africa relations continue to deepen, South African businesses are now facing new opportunities to enter the Chinese market, with key sectors including mining, agriculture, renewable energy, and the technology industry. He noted that South Africa currently exports a variety of agricultural products to China, including citrus fruits and rooibos tea. According to the arrangements, the Chinese side will organize a procurement delegation to visit South Africa and invite South Africa to participate in the national and enterprise exhibitions at the 9th China International Import Expo, scheduled to be held in Shanghai this November. In addition, South Africa has also been invited to attend a special event highlighting investment opportunities in South Africa’s steel industry. Chuangcai emphasized that China’s investment in Africa and South Africa continues to expand, particularly in the automotive industry. From the South African side, there was an expression of hope to attract even more Chinese investment and further promote the entry of South African products into the Chinese market.

On February 6 in Beijing, South Africa and China signed a Framework Agreement on Trade and Investment, aimed at facilitating the entry of more South African products into the Chinese market duty-free and promoting Chinese investment in South Africa.
The agreement, known as the China-Africa Economic Partnership Agreement (CAEPA), was signed by Parks Tau, South Africa’s Minister of Trade, Industry and Competition, and Wang Wentao, China’s Minister of Commerce. According to South Africa’s Department of Trade, Industry and Competition, the agreement covers cooperation in trade, investment, multilateral collaboration, and the field of new energy.
The South African side pointed out that the CAEPA aims to deepen bilateral trade relations while establishing relevant safeguard mechanisms to protect South Africa’s domestic industrial capacity. Following the signing of the framework agreement, both sides will continue negotiations and plan to conclude an “early harvest agreement” by the end of March 2026.
Chuangcai stated that as China-South Africa relations continue to deepen, South African businesses are poised to seize new opportunities in entering the Chinese market, with key sectors including mining, agriculture, renewable energy, and the technology industry. He pointed out that South Africa is currently exporting a variety of agricultural products to China, including citrus fruits and rooibos tea.
According to the arrangements, the Chinese side will organize a procurement delegation to visit South Africa for an inspection tour and invite South Africa to participate in the national and enterprise exhibitions at the 9th China International Import Expo, which will be held in Shanghai this November. In addition, South Africa has also been invited to take part in a special event aimed at promoting investment opportunities in South Africa’s steel industry.
Chuangcai emphasized that China’s investment in Africa and South Africa continues to expand, particularly in the automotive industry. On the South African side, there was expressed anticipation of attracting more Chinese investment while also promoting greater access of South African products to the Chinese market.

 

Keywords: South Africa and China Sign Framework Agreement on Trade and Investment

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