China, SA sign four agreements

Thursday, November 18, 2010

Cape Town - South Africa and China today signed four co-operation agreements on energy, commerce and banking in Tuinhuis.

A delegation led by China's Vice-President Xi Jinping signed agreements with various ministers and officials from a delegation led by Deputy President Kgalema Motlanthe.

The agreements signed were:

Letter of intent to co-operate on energy
Terms of reference for setting up an analysis of trade statistics
Agreement on co-operation in the energy sector
Co-operation agreement between the Reserve Bank and the China Regulatory Banking Commission.

Relations between South Africa and China have been growing since 1998 when the countries formally established diplomatic ties.

At an official dinner last night, Deputy President Motlanthe said relations were growing stronger.

"The strength of this relationship is demonstrated by frequent exchange between our people as well as high volumes of trade and investment between South Africa and China."

The Chinese delegation will tomorrow visit Pretoria before concluding their visit to South Africa.

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