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South Africa - China fruit deal worth $23.3 million

China is stepping in to support BRICS members at a moment when U.S. trade policies have strained long-standing economic ties. Farmers in South Africa, once heavily reliant on trade agreements with the United States, have come under increasing pressure from tariffs introduced by Washington. What was previously a stable export route has become uncertain, prompting South Africa to seek new partners.

China has taken advantage of this opening by expanding market access for South African agricultural goods. Beijing has now approved imports of South African stone fruits, including prunes, plums, peaches, apricots, and cherries—an unprecedented move, as it is the first time China has authorized multiple fruit categories from a single BRICS partner. The deal, signed by Agriculture Minister John Steenhuisen, is valued at nearly 400 million rand (about $23.3 million), offering significant relief and new prospects for South African farmers.

Steenhuisen noted that the agreement aligns with South Africa's efforts to diversify exports and meet rising demand in emerging markets. President Cyril Ramaphosa welcomed the development, describing U.S. tariffs as "self-destructive" and warning that they could harm the U.S. economy as well. As Washington retreats behind trade barriers, China is expanding its influence, reshaping global agricultural trade and strengthening BRICS cooperation.

Source: cryptorank.io

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