China-South Africa Trade Relations: An Analysis of Tourism Sector
From pre-colonial to modern times, trade has remained essential in the development of human civilizations and contemporary nation-states. Since the liberalization of the world economy, countries in the perusal of their respective economic policy have emphasized on improving trade relations with the other countries. South Africa and China too have taken initiatives for prioritizing on increasing bilateral trade for reasons of strengthening their economic relations. The past experience of their economic relationship plays an important role in determining their trade policy with respect to each other. Based on their rich historical bond in pre-colonial, post-colonial, and during globalization, currently South Africa and China share strong trade relation bonds that are closer than ever. The flow of trade between South Africa and China has been on the rise since the establishment of diplomatic relations and it accelerated after 2006, which continued through 2020. Since 2006, there is a significant growth in the trade between South Africa and China, which resulted in making South Africa as China’s largest trading partner by 2009. In this research paper, an attempt has been made mainly to know how the tourism sector has tried to increase trade and investment between the two countries, due to which the economic relations of both the countries have become very strong in the present era.
Pratik Kumar Singh
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