In this regard, South African companies have often make valuable inputs for use during high-level discussions. As South Africa's foreign policy is to a large degree driven by the African Renaissance, it is also the intention of the South African Government to use the upcoming China-Africa Ministerial Cooperation Forum to be held in Beijing in October 2000 to forge a strategic framework between Africa and China that would support the economic development of Africa, and thus in turn the African Renaissance. Such a strategic framework has to be based on the principle of mutual benefit. As yet, the trade relationship between Africa and China has been characterised by a large trade deficit for Africa. China is committed to tackling this.
Tremendous opportunities exist for Africa generally and SA specifically.
The similar historical experiences and common tasks have linked us closely together. It is of strategic interest for China and Africa to enhanced consultation, expand common ground, support each and increase cooperation under the banner of south-south cooperation. To strengthen the cooperation between us serves the fundamental interests of our two peoples and peace and development of the world. In conclusion, it is businesses that compete internationally, not governments. Governments can only assist in creating favourable conditions that would allow businesses to compete successfully internationally.