The Department of Trade, Industry and Competition (Dtic) has announced that South Africa and Mozambique will host a two-day virtual Trade and Investment webinar, starting tomorrow.
Themed 'Developing Afrocentric Solutions and Forging Partnership in Response to COVID-19', the webinar will focus on trade and investment opportunities available in Mozambique, and strategic issues regarding Mozambique’s investment plans to stimulate the country’s economic growth amid the COVID-19 pandemic will also be discussed.
“This webinar will focus on the status of COVID-19 in Mozambique and the country’s economic response plan, South Africa’s risk-adjusted strategy, and opportunities to strengthen partnership in sectors like agriculture and agro-processing, energy and transport infrastructure,” said Dtic Deputy Minister, Nomalungelo Gina.
According to the Department, total trade between South Africa and Mozambique has been on an upward trajectory between 2015 and 2019, with total trade between the two countries amounting to R66.20 billion, with trade skewed in favour of South Africa.
South African exports to Mozambique include, amongst others, mineral products, machinery and mechanical appliances, base metals and articles of base metal, prepared foodstuffs, vehicles, aircraft, vessels and associated transport equipment, and vegetable products, just to mention a few.
Nomalungelo Gina and Mozambique Deputy Minister of Commerce and Industry, Ludovina Bernardo, are expected address the virtual seminar.
– SAnews.gov.za
