SOUTH AFRICAN COMPANIES INVITED TO JOIN TRADE MISSION TO MOZAMBIQUE

PRETORIA, The Department of Trade and Industry (dti) has invited companies in the agriculture, infrastructure and steel fabrication sectors, among others, to apply to participate in a trade and investment mission to Mozambique which it is organizing.

The dti encouraged companies in the agriculture, infrastructure, electro-technical, steel fabrication and mining and capital equipment sectors to apply to the department by March 22. The mission will take place from May 22 to 26.

A statement from the department quotes Trade and Industry Minister Rob Davies as saying that the mission forms part of the department’s strategy to increase trade between South Africa and neighbouring Mozambique.

“The objective of this mission is to increase trade and investment between South Africa and Mozambique. It is an ideal platform for South African companies which would like to export value-added products and services, and for companies which are looking for investment opportunities in Mozambique,” adds Davies.

He notes that that South Africa has become the main trading partner for Mozambique and that relations between the two countries are very cordial as evidenced by the growing bilateral trade which currently totals 42.04 billion Rand (about 3.277 billion US dollars). The cordial relations between these two nations are reinforced by the growing ties in trade, investment, tourism, migration and security.

Companies interested in participating in a trade fair to be held in Mozambique during the mission will be funded through the Export Marketing and Investment Assistance (EMIA) scheme and will be screened according to the EMIA guidelines.

The dti has already assisted hundreds of businesses through the EMIA scheme, which develops export markets for South African products and services and recruits new foreign direct investment into South Africa.

Source: NAM NEWS NETWORK