FOCAC meeting. Action to address

Since FOCAC’s inception, this trade imbalance has resulted in an accumulated cash outflow of US$114.83 billion from South Africa to China. Since 2014, South Africa’s imports from China have nearly doubled the value of its exports. South Africa only raised concerns about these alarming trends in 2024, at the ninth FOCAC meeting. Action to address the trade imbalance is long overdue – what can be done to ensure a mutually beneficial outcome? Answering that question requires examining South Africa’s top traded commodities with China. South Africa’s exports have been heavily dominated by ores, slag, and ash, which have increased from 39% to 64% since FOCAC began. สล็อตเว็บตรง