Trade fair enhances Angola, SA economic relations

JOHANNESBURG, (CAJ News) – THE Acting Ambassador of South Africa to Angola, Maotwe Mokwena, said the participation of South African companies in the Angolan International Trade Fair (FILDA) would contribute significantly in enhancing bilateral economic relations between the countries.

He was speaking ahead of the departure of 24 South African companies which will participate in the 32nd edition of FILDA taking place in Luanda from 21-26 July.

The Department of Trade and Industry (DTI) is assisting the companies
through its Export Marketing and Investment Assistance scheme.

Mokwena said Angola was regarded as South African strategic partners in Africa.

“In this regard, South Africa is Angola’s number one trading partner in Africa,” said Mokwena.

He said since the signing of the economic cooperation agreement between the two countries in 2009, great strides have been made to enhance the bilateral trade and investment between our countries.

“Bilateral trade between SA and Angola surpassed R24 billion in 2014. It is trade and promotion events like FILDA that make the noticeable increase in trade possible,” said Mokwena.

Mokwena added that FILDA was one of the international trade exhibitions identified by DTI participation due to its strategic importance as a platform to showcase the country’s manufactured products. It is one of the largest multi-sectoral annual exhibitions in the continent whose international reputation continues to grow.

Last year more than 800 companies from about 40 countries participated in the exhibition, with more than 50 000 people passing through its turnstiles.

Through participation in the 31st edition of FILDA last year, DTI
facilitated export sales to the value of R10 million.

CAJ News

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