By Lesedi Sibiya-Diplomatic Insider
The China International Supply Chain Expo (CISCE) held its opening ceremony in Beijing this week, where Deputy President Paul Mashatile alongside Minister of Agriculture John Steenhuisen is in attendance.
CISCE is the world’s first national-level expo that is solely dedicated to global supply chains and is hosted under the Chinese Central Government and the China Council for the Promotion of International Trade (CCPIT).
Mashatile addressed the expo saying; “It is my honour to address you today at the opening ceremony of the third China International Supply Chain Expo, a prestigious event that showcases the latest developments in supply chain development.”
He has made mention that the expo is crucial for South Africa and China as it promotes trade, investment, cooperation, innovation, and learning within the global supply chain ecosystem.
In his address Mashatile took the opportunity to acknowledge a few people including Chinese Vice Premier He Lifeng, CISCE Chairman Ren Hongbin, Deputy Permanent Ministry of Commerce of the Kingdom of Thailand Ekachat Seetavorarat.
The Deputy President has addressed that despite ongoing challenges, South Africa’s supply chain is experiencing growth which is driven by increased e-commerce activity and technological advancements. “Our business communities have been resilient and adapting through strategies like diversifying suppliers, holding more inventory, and investing in digital transformation.” said Mashatile addressing the expo.
The Deputy President has also noted that South Africa has a diverse economy and that given the country’s geographical location it makes for a more natural trade and investment partner and connects Africa to the rest of the world. “As we gather here in China, a key partner in our economic journey, I see growth opportunities for collaboration and mutual growth. Together, we can leverage our strengths and capabilities to further build supply chains that are not only different and cost-effective but also sustainable and resilient.” Mashatile made further mention
South Africa’s export portfolio to China includes basic commodities, as Mashatile has made mention that while the trade volumes confirm South Africa’s natural endowment, the slant towards mineral-based fail to give a true reflection of South Africa’s advanced infrastructure, leading service sectors and its diversified industrial base.
The Deputy President’s delegation also comprised 30 manufacturers and producers of South African products and services.
“These products and services showcase the diversity of South African exports, ranging from ethically sourced and clean cosmetics comprising pure natural extracts as well as durable electro-technical equipment that has passed the tests of extreme African climate conditions” Mashatile said in his address.
South Africa has also invited China to participate in the key pillars of Pretoria’s G20 agenda by investing in green industrial projects, renewable energy, digital infrastructure, and regional manufacturing initiatives in South Africa as well as the entire continent of Africa.