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South Africa Is Committed to Increasing Trade with Zambia – Minister Davies

by APO
21 Jul 2017 at 07:38hrs | Views
JOHANNESBURG -- South Africa is committed to increasing trade and addressing the trade imbalance with Zambia. This was said by the Minister of Trade and Industry, Dr Rob Davies ahead of a two-day Outward Trade and Investment Mission to Lusaka, Zambia from 24-25 July 2017. Twenty South African companies funded by the Department of Trade and Industry (the dti) will participate in the mission.

According to Minister Davies, this mission will assist the department with contributing towards South African's objectives of regional integration by strengthening economic relations between the two countries. The mission also aims to advance the commitments made in December last year by the Heads of State of both countries during the state visit to South Africa by President Edgar Lungu of Zambia, where both countries agreed to deepen bilateral trade and investment relations. Zambia is one of South Africa's top five trade partners in the Southern African Development Community region with total bilateral trade amounting to R33 billion in 2016.

"Platforms of this nature afford us the opportunity to not only consolidate political ties but also to create the much-needed value-chains, skills and technology transfer and employment generation required to give effect to our economic ambitions, both in South Africa and Zambia," adds Minister Davies.

According to Minister Davies, the mission will further enable South African companies to interact with leading private sector entities from agro-processing, agribusiness; infrastructure, advanced manufacturing, energy, services, tourism infrastructure development and mining and capital equipment.

"The mission will also present an ideal platform for South African companies who would like to export value-added products, and services as well as companies which are looking for joint-venture partnerships in Zambia," adds Minister Davies.

The mission will be addressed by the South African High Commissioner to Zambia, Ms Sikose Mji and the Zambian High Commissioner to South Africa, Mr Emmanuel Mwamba, amongst others. The programme for the mission will be comprised of trade and investment seminar, business-to-business meetings, round-table discussions and sector-specific site visits.

Distributed by APO on behalf of The Department of Trade and Industry, South Africa.

Source - APO