Gauteng and Chongqing sign deal

Independent Newspapers

Gauteng premier Nomvula Mokonyane. Photo: Jennifer Bruce

Johannesburg - Gauteng and China's Chongqing province have signed a trade deal to strengthen investment, premier Nomvula Mokonyane's office said on Thursday.

Mokonyane signed a memorandum of understanding with Chongqing to allow Chinese businesses to invest in Gauteng and help local businesses to explore new opportunities in China, it said in a statement.

Mokonyane said the MoU would promote mutual bilateral relations and enhance friendly exchanges and co-operation.

“In the MoU, both parties have agreed to encourage co-operation in areas such as trade and investment, tourism infrastructure... education, 1/8and 3/8 arts and culture,” her office said.

“The agreement would also facilitate trade ventures in agriculture, infrastructure, freight and logistics, transportation, resources exploration and development.” - Sapa