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ECDC Explores Trade Opportunities in Nigeria and China

The Eastern Cape Development Corporation (ECDC) recently concluded a two-week long trade promotion tour of Nigeria and China aimed at improving trade between the Eastern Cape and these two fast-growing economies.

In the last week of August, ECDC together with its Western Cape trade and investment counterpart Wesgro, took 12 companies on a trade tour of Nigeria. Operating in the food and beverages, oil and gas, electrical engineering and tourism sectors, six of the 12 companies hailed from from the Eastern Cape – Elvin Group, Glenmor Soap, Magwa Tea Estate, Lizwe Fuels, MXN Electrocon Projects, Chumile Travel and Tours and Mantumo Enterprises.The Nigerian trip was followed by a week-long trade mission to China where ECDC exhibited Eastern Cape citrus and pineapple products at the Asia Fruit Logistica in Hong Kong from 3 to 5 September. The exhibition formed part of the dti’s national pavilion which hosted 20 South African fruit producers.

“In Nigeria, Eastern Cape companies participated in a breakfast session with the Nigeria–South Africa Chamber of Commerce which was sponsored by MTN. The trade breakfast was attended by chamber executives, MTN general managers, KPMG, Stanbic Bank, the South African Consul General to Lagos and the South African acting High Commissioner to Nigeria among others,” says ECDC business advisor for trade relations Asisipho Fihlani.”China forms part of BRICS and it’s the strongest and largest economy in this grouping. It has one of the fastest-growing economies in the world with more than 6% economic growth annually. This presents an opportunity for South African companies to expand their global market share. South African fruit is well received in China and it is known for its high quality. China is one of the largest importers of fresh fruit from South Africa and the Asia Fruit Logistica is seen as a platform where South African companies meet up with potential and existing buyers of their products.”

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