00:00It's a General for the Department of International Relations, Zane Dango, and the Director General for the Department of Trade, Industry and Competition.
00:18They blame the right-wingers, Solidarity, Afri Forum. Do we blame the left-wingers, EFF, MKP?
00:26The U.S. is South Africa's third biggest trading partner.
00:47With the European Union and China being the first and second largest trading partners,
00:52the U.S. accounts for 7.5% of our global exports.
00:56Thus, we will continue to engage the U.S. with a view to conclude a deal that advances the interests of both countries.
01:03South Africa seeks to conclude deals that promote value addition and industrialization,
01:08rather than extractive relations that deprive the country of the ability to benefit our mineral wealth by mimicking extractive colonial-era trade relations.
01:19They come from us, possibly, obviously losing the U.S. market.
01:24Here, China, the 200 billion U.S. dollar sort of market.
01:29About trade, or were other diplomatic issues coming into the conversation? And then how much?
01:34Moreover, South Africa poses no trade threats to the U.S. economy nor its national security.
01:40The calculation of U.S.-South Africa trade deficit ignores the substantial U.S. trade surplus and services,
01:47as well as the complementary nature of the bilateral trade and investment relations between the two countries.
01:53South African exports do not compete with U.S. producers and do not pose a threat to U.S. industry.
02:02On the contrary, our exports are crucial inputs that support America's own industrial base.
02:08As in terms of township businesses that were getting...
02:14At the end of that.
02:16The diversification of markets that will be required following the introduction of additional tariffs on South African goods may require exporters to coordinate their activities in relation to developing joint infrastructure for exports,
02:33sharing of market information, and coordination of activities to achieve economies of scale, and efficiencies that enable them to be competitive.
02:42These activities may contravene the provisions of the Competition Act.
02:46Given the Trump Administration's very favorable stance towards...
02:51I thought Minister Tau was offering to answer that question.
02:57No, I think the...
02:59We are talking about the livelihoods and jobs of people that are at stake.
03:04So that's why we're focused on the ball, on the negotiations, on the framework,
03:10and we did not want to focus on the speculations.
03:14Whether it's because of a BEE, or affirmative action, or any other politics that has not been brought to the negotiation table.
03:25So we focus on what we have presented to the U.S. government, and we believe we're dealing with that.
03:33We are dealing with that.
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