SA to increase agricultural exports to BRICS nations, says Zuma

In International Relations

During the State of the Nation Address held at Parliament on Thursday 8 February 2017, President Jacob Zuma said that the country will increase its export of agricultural products with BRICS partners over the next few years.

He said the decision follows the agreements reached with the BRICS nations.

“We will implement agreements on the export of pulses, mangos and pork to India. We will also export twenty thousand tons of beef to China per year for a period of 10 years,” said Zuma.

He added that the country would continue to pursue the reform of the international system as the current system undermines the ability of developing countries to contribute and benefit meaningfully.

“Our cooperative partnerships with other regions are bearing fruits. The BRICS New Development Bank has recorded encouraging progress,” he said.

Zuma also welcomed the decision to establish the BRICS Credit Rating Agency taken at the 8th BRICS Summit held in Goa, India in October last year. He said the BRICS Credit Rating Agency would ensure that countries can
assist each other in assessing their own economic paths instead of depending on rating agencies outside of the BRICS block. Earlier this week, Quartz India reported that BRICS nations were forging ahead with the agency as they have started engaging with financial experts about the agency’s model and methodology.

Meanwhile China has revealed that it plans to reform the agricultural sector to improve the lives of people in rural areas by 2020. Shangai Daily reported that the country plans to improve structures in the agricultural sector, promote green production and encourages innovation amongst others.

– Image: BuzzSouthAfrica

Join Our Newsletter!

Love BRICS JOURNAL? We love to tell you about our new stuff. Subscribe to newsletter!

You may also read!

The ARC of the New Development Bank opens its doors

Yesterday marked an important day on the BRICS calender.  It was the official launch of the African Regional Center (ARC)

Read More...

Economist: BRICS exceeds expectations

The economic performance of the five leading emerging economies of the BRICS group exceeds expectations of the man who

Read More...

Thriving marble business is built with the help of BRICS

Caldeira runs a marble business in China and knows how important the country’s ties are with the Latin American

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu