South Africa has signed a significant ‘Framework Agreement on Economic Partnership’ with China, securing new markets for its goods as Beijing simultaneously calls for deeper economic integration across the Asia-Pacific region. The moves highlight a broader trend of nations forging new alliances to navigate a complex global trade environment.

 

The new agreement will provide South African products, particularly from the agricultural sector, with duty-free access to the vast Chinese market, according to a Xinhua report. This development is seen as a crucial step to diversify export destinations, especially after the country’s agricultural sector was hit by 30 percent tariffs imposed by the United States in 2025. Ntombizanele Sifuba, a member of the Free State Executive Council, stated the deal would help ‘create and sustain jobs, and grow the economy.’ An ‘Early Harvest Agreement’ is anticipated by the end of March 2026.

 

This bilateral agreement aligns with China’s wider trade ambitions. At the APEC 2026 First Senior Officials’ Meeting, China’s representative Wang Yi urged member economies to advance regional economic integration and build momentum toward a Free Trade Area of the Asia-Pacific (FTAAP). According to a release from China’s Ministry of Foreign Affairs, the speech emphasized safeguarding the WTO-centered multilateral trading system and using existing pacts like the RCEP and CPTPP to foster an ‘open and interconnected Asia-Pacific.’

 

The push for new and stronger trade pacts is a global one. In a separate development, the foreign ministers of Australia and Germany issued a joint statement on February 5, reaffirming their commitment to the rules-based trading system and explicitly stating their ‘support for negotiations of a free trade agreement between Australia and the European Union, to strengthen our economic relations.’ This underscores a shared political will among various nations to finalize trade pacts that can reinforce economic prosperity.

 

 

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