Hon Chair, on page 94 of the book that hon Gardee recommended to all of us to read, it illustrates that in our trade relationship with China, the top 10 exports to China are raw materials and semiprocessed materials. The top 10 imports from China are all finished goods and services.
The Minister, in the Budget Vote discussion, made the point that we are not in pursuit of import substituting industrial expansion and development. As a country that is catching up in terms of industrial development, we have no option but to strategically substitute some of the imports. Brazil has done that. Foxconn, which manufactures iPhones and iPads, has a factory in Brazil. They substituted the imports that would come from other parts of the world, meaning that they create jobs locally.
There must be a deliberate strategic pursuit of import substitution of some goods and services that we bring from other parts of the world. That would create lots of jobs here in South Africa. We have agreed in the committee that there should be legislation for 75% government procurement from local producers, but the Ministry says something else, something different.
We have agreed that there must be a certain percentage of mineral resources that are beneficiated and industrialised here in South Africa, but the Ministry says something else, something different. If the ANC government considers those key agreements that we had raised in the portfolio committee, its industrial policy would go somewhere. That is the only way it can proceed. But if you continue to stratify economic policy and industrial policy co-ordination, you are not going to go anywhere. You will take small businesses away and you will have an employment development department somewhere else. You have co-ordination and determination of monetary policy in the Reserve Bank. You will not be able to give proper direction to industrial expansion.
Let us pay detailed attention to how other countries developed their industrial policy and then we will be able to get somewhere. It is logical. [Time expired.]