Trade Agreements Between South Africa And Hong Kong

Trade Agreements Between South Africa And Hong Kong

The importance of the BRICS and their planned actions almost certainly mean that this is a platform to encourage this – and the BRICS Brasilia 2019 declaration expressed precisely this scenario. ESwatini is the only African country to recognize Taiwan vis-à-vis China and bilateral trade passes through either Taiwan or Hong Kong. According to the Chinese Embassy in Namibia, the volume of bilateral trade between Namibia and China exceeded $800 million in 2018, a 45% increase over the previous year, more than double the growth rate of total trade with Africa. China`s main exports to Namibia include mechanical and electrical equipment, clothing, footwear, equipment, tourism products and other everyday consumer products, while Namibia`s main imports include mineral and marine products, hides, live ostriches and relevant products. Achieving this growth requires some planning and innovation on the part of the countries concerned. This can reasonably be expected to include the promotion of free trade agreements.