久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

South Africa's role in BRICS

Updated: 2011-09-15 07:45

(China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

 South Africa's role in BRICS

Standing tall: Presidents of the new global economies at the BRICS Leaders' Summit, which took place in Sanya, China, in April. Photos Provided to China Daily

South Africa's role in BRICS

Nation steps onto the global stage and offers many benefits

South Africa's ascension into the BRICS club of emerging economies raised some eyebrows internationally, but there is no doubt that the country has the credentials to back its membership.

Perhaps the foremost advantage South Africa is able to offer its BRIC partners is access to 1 billion consumers living in Africa, as well as the vast mineral and agricultural opportunities the continent offers.

In December 2010, South Africa was formally invited to become the most recent member of the BRICS bloc - formerly BRIC - of powerful and influential emerging economies. These comprise Brazil, Russia, India, and China with the 'S' standing for South Africa.

Between them, this group accounts for nearly 20 percent of the world's GDP, illustrating just how formidable they have become. In three years' time, they are expected to account for 61 percent of the world's growth, according to the International Monetary Fund. It's an elite club and membership is strictly by invitation only.

It is by far the smallest economy to be admitted to this club, with a population of just 50 million people compared to the billion-plus populations of India and China. Likewise, South Africa's GDP is a fraction of that of China, the group's powerhouse economy.

We might therefore legitimately ask how the country has been able to pull off such a feat.

South Africa brings a lot to the BRICS table in its own right. As the gateway to Africa, it offers access to a market of a billion people in 61 territories and 54 countries - equivalent to 15 percent of the world's population.

Membership of the BRICS underlines the potential advantage available through its relationship with African economies, and the increased strategic importance given to Africa and its resources.

BRICS countries are growing rapidly, and to secure their growth, they need Africa's commodities. The BRICS intend to expand inter-trade amongst themselves to $500 billion by 2015.

Already, South African companies are keen to do their bit in helping the trade bloc to reach this target. After South Africa formally joined the club, Robbie Ragless, head of immigration specialist Global Visa in South Africa, said:

"In the space of a little over a week, we have seen a 38 percent increase in enquiries from corporate clients and individuals wanting visas and information on obtaining work permits for BRICS countries."

As the country's Minister of Finance Pravin Gordhan remarked in July, the BRICS nations are not only reflecting the shifting trends of the new global economic order but are increasingly shaping it.

South Africa's new allies are calling for change, such as reform of the world's financial bodies and the UN Security Council. Part of its job, as a BRICS member, will be to support these calls and add its own voice and diplomatic weight.

The BRICS countries share several global forums: the United Nations (UN), G20 and the India, Brazil and South Africa (IBSA) Dialogue Forum, which South Africa will host this year.

This year the BRICS will each serve on the UN Security Council as either permanent (China and Russia) or non-permanent (Brazil, India and South Africa) members in a move that augurs positively for enhanced cooperation.

Africa is the last frontier of the global economy and its third-largest market. It must have a voice in all major global forums including BRICS.

And it is in Africa's, and South Africa's, interests to call for a restructuring of international economic and political institutions, a more equitable and sustainable trade dispensations, and agreement on climate change. These agreements would ensure that all people are able to sustain and grow their livelihoods.

Bilateral trade

Although the US remains Africa's largest export market, Sino-African trade grew 10-fold between 2001 and 2008.

By 2009, trade values had grown by an incredible annual 53.9 percent, and overtaken the value of US-African trade, which dropped to second place.

Sino-African trade is two-way, with African economies importing almost as much from China as they export. China is now South Africa's premier trading partner, with trade between the two countries valued at 143.3 billion rand ($21.3 billion).

By contrast, US trade with Africa is more cyclically unstable than China's. In 2009, as commodity prices fell, US-Africa trade almost halved, while China-Africa trade dipped by a more modest 15 percent, illustrating its resilience.

South Africa is both a benefactor of better access to BRICS markets and, at the same time, a competitor or joint venture partner in the development of Africa. Africa grew at 4.5 to 5 percent last year and is expected to reach 5.5 to 5.7 percent this year. South Africa is set for a more modest 4 percent growth.

South African President, Jacob Zuma, has invited investors from BRICS countries to take up the major infrastructure and manufacturing opportunities in South Africa and on the African continent. Both the private and public sectors of the country, and the continent, stand to be leading beneficiaries of this offer.

Craig Bond, Standard Bank China's chief executive, said the bank was committed to connecting BRIC companies with African markets.

"The BRICS summit has provided us with a great platform for the emerging economic powers to discuss mineral beneficiation, infrastructure development, stimulating foreign investment as a means for supporting employment and job creation," he said.

"By formally engaging one another and understanding differing socioeconomic challenges, the need for BRICS partnership and cooperation will become more visible and manageable. The BRIC countries should also benefit from Africa's growing consumer markets."

In developing trade opportunities even further, South Africa's world-class transport and communications infrastructure will be critical.

Both local and international investors have been able to use the country as a springboard into the rest of the continent, and a sophisticated ports network is vital. South Africa is able to function as a hub for commercial traffic emanating from and destined for Europe, Asia, and the Americas, as well as the east and west coasts of Africa.

Creating value chains between South Africa and its neighbors will allow countries to share benefits from joint development projects. Past development projects have seen Tanzania and South Africa partnering to develop the East African country's tanzanite industry and sugar mills.

South Africa has also been involved in Mozambique's aluminium smelter, and more of these projects are likely, as 19 billion rand has been set aside to fund South African junior mining companies with interests in expanding into the rest of the continent.

For investors looking to develop business in Africa, South Africa will be a natural partner.

The country accounts for 25 percent of the continent's GDP, and two-thirds of its electricity. Its sophisticated banking and financial markets, political stability, and regulatory efficiency mean that it can be easier for foreign partners to invest there first before looking north of its borders.

Judging by recent economic activity, South Africa is already benefiting from its membership of BRICS.

In July, Tata Motors South Africa, a joint venture between India's Tata Motors and Tata Africa, opened a 100-million-rand truck assembly plant outside Pretoria, the South African capital.

Meanwhile US-based manufacturer Ford Motor Company in June completed a $500 million upgrade of its manufacturing and assembly plants in South Africa, which will enable locally-produced Ranger pickup trucks to be exported to 148 countries in Africa and Asia.

(China Daily 09/15/2011 page5)

久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    91精品福利在线一区二区三区| 久久九九久精品国产免费直播| 视频一区国产视频| 欧美一卡二卡三卡| 国产一区二三区好的| 欧美激情在线一区二区三区| 91小视频在线免费看| 亚洲不卡一区二区三区| 欧美成人三级电影在线| 高清视频一区二区| 一区二区三区中文字幕| 欧美精品高清视频| 国产精品77777| 一区二区三区欧美日韩| 日韩亚洲欧美一区二区三区| 国产精选一区二区三区| 亚洲精品美腿丝袜| 日韩欧美国产一区二区在线播放 | 久久午夜羞羞影院免费观看| 99麻豆久久久国产精品免费优播| 亚洲国产精品嫩草影院| 精品国产三级电影在线观看| 91香蕉视频在线| 久久精品久久综合| 国产精品国产三级国产普通话蜜臀| 日本大香伊一区二区三区| 精品一区二区三区在线播放| 亚洲色图都市小说| 日韩欧美精品在线视频| 94色蜜桃网一区二区三区| 美国十次了思思久久精品导航| 中文子幕无线码一区tr| 4438x亚洲最大成人网| 国产超碰在线一区| 无码av免费一区二区三区试看| 久久久精品国产免大香伊| 精品视频在线视频| 高清不卡一二三区| 日本特黄久久久高潮| 国产精品超碰97尤物18| 日韩亚洲欧美在线| 色视频欧美一区二区三区| 国内久久婷婷综合| 亚洲香肠在线观看| 中文字幕乱码一区二区免费| 欧美高清dvd| 91视频国产资源| 韩国成人在线视频| 五月婷婷综合网| 中文字幕字幕中文在线中不卡视频| 日韩欧美国产一二三区| 欧美中文字幕一区二区三区 | 国产一区二区在线观看免费| 亚洲不卡av一区二区三区| 国产精品久久久久久久久免费桃花 | 加勒比av一区二区| 亚洲一区视频在线| 国产精品欧美综合在线| 精品剧情在线观看| 4hu四虎永久在线影院成人| 一本久道久久综合中文字幕| 国产999精品久久| 久久精品99国产精品| 亚洲不卡一区二区三区| 亚洲精品视频在线看| 国产日韩av一区二区| 日韩一级高清毛片| 欧美在线观看一区| 97精品久久久午夜一区二区三区| 国产麻豆精品在线| 免费观看久久久4p| 亚洲丰满少妇videoshd| 亚洲欧美日韩国产综合在线 | 中文字幕欧美国产| 久久夜色精品一区| 日韩一二在线观看| 制服丝袜中文字幕亚洲| 日本高清不卡aⅴ免费网站| www.视频一区| 大胆欧美人体老妇| 国产伦精品一区二区三区免费迷| 日本在线不卡一区| 日韩精品电影一区亚洲| 午夜精品久久久久久久蜜桃app| 一区二区三区国产豹纹内裤在线| 一区视频在线播放| 中文字幕一区免费在线观看| 欧美国产精品v| 国产日本亚洲高清| 国产女主播在线一区二区| 久久久久久久久久久久久夜| 欧美精品一区二区三区高清aⅴ| 3d成人动漫网站| 91精品国产综合久久久久久漫画| 正在播放一区二区| 欧美日韩国产色站一区二区三区| 欧美亚洲一区三区| 欧美日韩美女一区二区| 欧美精品精品一区| 欧美一级一区二区| 日韩视频在线永久播放| 日韩一区二区三| 日韩欧美国产麻豆| 久久这里只有精品6| 国产午夜精品一区二区三区四区| 国产女人aaa级久久久级| 国产精品免费人成网站| 中文字幕制服丝袜成人av| 综合久久给合久久狠狠狠97色| 亚洲欧美日韩国产手机在线 | 亚洲妇女屁股眼交7| 午夜一区二区三区在线观看| 婷婷丁香久久五月婷婷| 麻豆精品蜜桃视频网站| 国产在线不卡一区| 从欧美一区二区三区| 99精品欧美一区二区三区小说| 91女神在线视频| 欧美午夜影院一区| 这里只有精品99re| 精品久久久久一区二区国产| 久久色在线视频| 国产精品国产三级国产普通话蜜臀| 亚洲欧美乱综合| 丝袜美腿高跟呻吟高潮一区| 久久66热偷产精品| 高清不卡在线观看| 色视频一区二区| 欧美一级二级三级乱码| 久久久国产综合精品女国产盗摄| 亚洲欧洲色图综合| 亚洲丰满少妇videoshd| 久久99日本精品| 成人av免费在线| 欧美日韩在线不卡| 日韩欧美在线1卡| 中文字幕不卡的av| 亚洲尤物视频在线| 久久成人免费网| 成人av免费观看| 欧美久久久久中文字幕| 亚洲精品在线三区| 亚洲欧美日韩人成在线播放| 免费看欧美美女黄的网站| 国产成人午夜片在线观看高清观看| 色呦呦日韩精品| 日韩精品综合一本久道在线视频| 国产精品无人区| 亚洲综合视频网| 国产揄拍国内精品对白| 在线欧美日韩精品| ww亚洲ww在线观看国产| 一区二区三区中文字幕| 国产专区欧美精品| 色噜噜夜夜夜综合网| 精品久久人人做人人爱| 国产精品视频一区二区三区不卡| 一区二区三区资源| 久久66热偷产精品| 日本久久一区二区三区| 精品国产乱码久久| 一区二区不卡在线播放| 韩国v欧美v亚洲v日本v| 在线观看免费一区| 久久午夜电影网| 亚洲成人先锋电影| 成人精品鲁一区一区二区| 欧美一区二区黄| 亚洲日本欧美天堂| 国产又黄又大久久| 欧美日韩www| 国产精品不卡一区| 久久99精品久久久久久国产越南| 色欧美日韩亚洲| 国产亚洲精品超碰| 日本人妖一区二区| 色哟哟一区二区在线观看| 精品sm捆绑视频| 亚洲国产综合91精品麻豆| 成人丝袜18视频在线观看| 日韩欧美国产电影| 亚洲国产一区二区三区| 成人国产视频在线观看| 精品久久久久久久久久久院品网| 亚洲第四色夜色| aaa亚洲精品一二三区| 精品免费日韩av| 日韩和的一区二区| 91啪亚洲精品| 国产精品三级视频| 精品一区二区在线免费观看| 欧美日本免费一区二区三区| 综合在线观看色| 国产不卡在线视频| 26uuu亚洲| 麻豆91精品视频| 91精品国产综合久久国产大片| 一区二区日韩av| 99精品视频在线观看| 亚洲国产高清在线观看视频|