Yesterday saw the signing of a Memorandum of Understanding (MoU) on Strategic Cooperation by the Department of Trade and Industry (the dti) and the Bank of China (BOC) that will facilitate cooperation in investment promotion and facilitation, trade promotion and projects support.
The BOC will also mobilise international and domestic resources to promote investments for South Africa in its capacity as a commercial bank.
“There are already plans to move speedily in implementing the MoU as there are arrangements in place for the Special Economic Zones investment roadshow that will take place in China in early May,” said Minister of Trade and Industry, Dr Rob Davies. “The main purpose of the roadshow is to promote our SEZs in China and showcase the opportunities that are available there with a view to attracting more investment to the SEZs,” he said.
