An Asia-Africa trade story

Standard Bank’s global head of cash and trade product management, Jerry Pearce, reviews 2010 and looks ahead to 2011.
Jerry Pearce, Standard Bank's global head of cash and trade product management
Jerry Pearce, Standard Bank's global head of cash and trade product management

Looking back at 2010, what have been the most significant developments in the Asia-Africa trade story

Deepening trade ties between South Africa and China have been critical given South Africa’s position in Africa. With South Africa being the powerhouse of the African economy, trade relations with China are very significant for the development of the entire African continent. According to the Chinese Ambassador to South Africa, the bilateral trade volume between China and South Africa stood at $16 billion in 2009, an almost 10fold rise since the two countries established diplomatic relations in 1998 Ministry of Foreign affairs of the Republic of China, 2010. Over and above growth of Chinese trade with...

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