SA delegation explores opportunities in Mozambique

Rob Davies, South Africa Minister of Trade & Industry

Rob Davies, South Africa Minister of Trade & Industry

PRETORIA, (CAJ News) – SOUTH Africa’s Department of Trade and Industry will next week lead a delegation of 23 businesspeople on an Outward Trade and Investment Mission (OTIM) to neighbouring Mozambique.

The tour will run from Monday to Friday kicking off in the Tete Province and proceeding to Maputo, the capital city.

The business delegation comprises of businesspeople from the built environment professionals, electro-technical, mining and capital equipment, railways and steel fabrication, and steel tubing sectors.

It includes the South African Alternative Energy Association, South African Stainless Steel Development Association, South African Electro-technic Export Council, Built Environment Professionals Export Council, South African Steel Fabricators Business Council as well as the Johannesburg Chamber of Commerce.

Minister of Trade and Industry, Dr Rob Davies, said the objective of the OTIM was to boost economic growth, transfer technology as well as increase the quality and diversity of South African exports to Mozambique.

“South Africa has become the main trading partner for Mozambique and relations between the two countries are very good. These relations are reinforced by the growing ties in trade, investment, tourism, migration, and security,” said Davies.

He added that a number of agreements to promote trade relations with Mozambique have been entered into over the years.

These include the agreement on the Establishment of a Bi-National Commission (BNC), Regular Diplomatic Consultations and Cooperation of Frequency Bands.

To further cement relations between the two countries, Davies says the Avoidance of Double Taxation Agreement and the Agreement on One Stop Border Posts have been put into place.

The creation of the Maputo Development Corridor linking the port of Maputo with South Africa’s industrial heartland is seen as symbolizing the importance of these bilateral ties between the two Southern Africa countries.

Mozambique still forms part of top five South Africa’s trade partners in the Southern African Development Community region.

Total trade between South Africa and Mozambique was R43,9 billion in 2014, increasing from R39,5 billion in 2013.

– CAJ News






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Posted by on Jun 9 2015. Filed under Africa & World, Finance, Finance & Banking, Investing, National, News, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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