South African President Calls On BRICS to Strengthen Trade and Investment

South African President Calls On BRICS to Strengthen Trade and Investment

To fast-track economic recovery post the COVID-19 pandemic, President Cyril Ramaphosa has called on his Brazil, Russia, India and China (BRICS) counterparts to strengthen trade and investment ties.

The President’s call comes as the BRICS virtual summit took place on Tuesday, coinciding with the start of the South Africa Investment Conference in Johannesburg.

“We call on our BRICS partners to ramp up investment in not just South Africa but across the continent, particularly in the manufacturing sector.

“Investors from the BRIC countries will realise considerable benefits by investing in Africa, particularly with the implementation of the African Continental Free Trade Area from January 2021,” he said.

leave a reply