Afran : Links with West no help to Africa: S.Africa minister
on 2009/11/24 11:39:25
Afran

JOHANNESBURG (Reuters) - Africa has not benefited from its links with rich nations and should ensure economic interactions with others are not one-sided, South Africa's Economic Development Minister Ebrahim Patel said on Monday.

Patel told a conference on the continent's relations with China that Africa would continue to pursue relations which the United States and Europe, but that the "centre of geo-economic gravity" was shifting to Asia and Latin America.

"I will be blunt about it, we don't think Africa has benefited from the relationship with the (West)," Patel told the conference.

"There are significant gaps in our own economic trajectory, some of which we have not been able to address in that relationship, so bringing a wider range of investors into our economies is necessary for us," he added.

Patel encouraged Chinese firms operating in South Africa to enter into joint ventures with local companies.

"Those can constitute a huge assistance to the local economy. China's own economic growth has been fuelled by joint ventures it had with industrialised countries," Patel said.

"As the South African government (we) seek to strengthen that relationship and to ensure it has a much stronger job-creating impact in South Africa that helps us to diversify our economy and grasp the challenge of avoiding de-industrialisation."

Trade between China and Africa has soared in the past decade, driven by China's resource needs and growing African demand for cheap Chinese-made products.

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