SA, Mozambique enhance Forestry trade ties

Mozambique's economic performance remains robust with real GDP growth projected at 7.5 per cent in both 2014 and 2015.

Mozambique’s economic performance remains robust with real GDP growth projected at 7.5 per cent in both 2014 and 2015.

JOHANNESBURG, (CAJ News) – SOUTH Africa’s Department of Trade and Industry (DTI) is hosting a delegation of government and private sector officials responsible for the forestry sector in Mozambique.

Mozambique Ministry of Land, Environmental Affair and Rural Development for the inward trade and investment mission to the neighbouring country.

The mission concludes at the end of the week in Nelspruit, Mpumalanga Province.

The purpose of the mission is to explore business opportunities in the forestry value chain between Mozambique and South African businesses.

South Africa’s Minister of Trade and Industry, Dr Rob Davies, said a bilateral value chain development within the region was an important part of the regional development strategy for Southern African Development Community (SADC).

He added that the Industrial Development Corporation had already financed some of the projects and looking for opportunities in Mozambique.

“This is an important step in deepening regional integration and the development of agro-regional value chains thus improving the
competitiveness of the region. The focus is on the development of
Mozambique forestry value chain to foster a mutual relationship with South African companies,” says Davies.

South African High Commissioner to Mozambique, Mandisi Mpahlwa, said the mission included a business seminar, networking session and site visits.

He said the objective was to encourage trade and investment in the forestry based industries in both countries.

The mission follows a Memorandum of Understanding on Forestry Based Industries that was signed between Mozambique and South Africa in 2011, during the Presidential State Visit by President Jacob Zuma to Mozambique.

“As part of the implementation process of the agreement, trade and investment missions have been held in both countries,” said Mpahlwa.

CAJ News

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Posted by on Jul 23 2015. Filed under Africa & World, Featured, Finance, Investing. 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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