South Africa aims to benefit from BRICS's potential to boost its trade

South Africa plans to utilise the BRICS platform to expand its trade and attract investment. At the upcoming BRICS trade ministers' meeting in Moscow, South Africa will be looking for opportunities for cooperation, both with each country individually and within BRICS as a whole. This is reported by IANS, a partner of TV BRICS.

Zuko Godlimpi, South Africa's Deputy Minister of Trade, Industry, and Competition, emphasised that the country is looking to move from being a mere exporter of raw materials to producing high-tech goods.

"South Africa will continue to identify opportunities for cooperation with BRICS partners, both bilaterally and through the BRICS platform, that would present opportunities for the continent to transition away from its historic role as a commodity exporter towards higher productivity value addition," he said.

The meeting is scheduled to discuss the role of BRICS in the new world economic system. South Africa is keen to establish mutually beneficial trade relations with BRICS partners in order to boost economic growth and attract investment in its productive sectors. South Africa also wants to coordinate its position with BRICS partners on global governance issues.

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