GRACELIN BASKARAN: SA will fail in shunning US trade and rerouting exports to China
China doesn’t import manufactured products while the US market is more diverse
This week marks the spring meetings in Washington, one of the two major annual gatherings of the World Bank and IMF. The event draws central bankers, finance and development ministers, private sector leaders, civil society members and academics to engage on global economic trends, emerging risks and opportunities for co-operation.
On Sunday afternoon I received a call from an old friend — a veteran African diplomat — who was unexpectedly in town for the meetings. We took a long walk together through downtown DC, passing landmarks such as the White House, Lincoln Memorial and Jefferson Monument while he aired his frustrations over the state of US-Africa relations, just 12 hours after the New York Times had published a report that the US was considering closing non-essential embassies across the continent. ..
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