SA, China Cooperate on Blue Economy

SOUTH Africa President, Jacob Zuma, said China was keen to share lessons and cooperate with South Africa in the implementation of the formerAcirc’s blue economy programme, Operation Phakisa.

President Zuma said in order to tap into the ocean economy, government has identified four priority sectors, in which to focus on.

Acirc”These are marine transport and manufacturing activities, such as coastal shipping, trans-shipment, boat building, repair and refurbishment, offshore oil and gas exploration, aquaculture and marine protection services and ocean governance. It is estimated that the ocean has the potential to contribute approximately R177 billion and create up to one million direct jobs,Acirc” he said.

Zuma further encouraged the Chinese to invest in areas such as beneficiation of mineral resources, improving industrial capacity, enhancing agro-processing as well as energy, in particular nuclear cooperation.

Zuma and a delegation of ministers are in China on a State Visit, which aims to strengthen bilateral relations between South Africa and China.

On Thursday the two countries signed several agreements which aimed to strengthen relations between them.

These include the memorandum of understanding on Cooperation between the China National Nuclear Corporation and the Nuclear Energy Corporation of South Africa.

Chairperson of South Africa Business Council Patrice Motsepe meanwhile committed to the implementation of the BRICS working committee and to meet Chinese business representatives in South Africa to facilitate networking.

Motsepe also provided the forum with an update on the SA-China Business meeting that was held on Friday morning.

He encouraged them to use the BRICS webportal as a resourceful platform for linking with stakeholders in the business community.

Source : CAJ News Agency