The Diplomatic Society

 
  • Increase font size
  • Default font size
  • Decrease font size

South Africa and Mauritania to establish investment committee

Minister of Trade and Industry, Dr Rob Davies together with the Islamic Republic of Mauritania Minister of Commerce Industry and Tourism, Mrs Naha Mint Hamdi Ould Mouknass signing a Memorandum of Understanding (MOU) on Economic Co-operation at Tshedimosetso House in Pretoria. 08/05/2015.
Minister of Trade and Industry, Dr Rob Davies together with the Islamic Republic of Mauritania Minister of Commerce Industry and Tourism, Mrs Naha Mint Hamdi Ould Mouknass signing a Memorandum of Understanding (MOU) on Economic Co-operation at Tshedimosetso House in Pretoria. Photo: GCIS

8 May 2015

Pretoria - South Africa and Mauritania are to establish a joint trade and investment committee following the signing of a Memorandum of Understanding (MoU) between the two countries.

Trade and Industry Minister, Dr Rob Davies, together with Mauritanian Minister of Commerce, Industry and Tourism Naha Mint Hamdi Ould Mouknass, on Friday signed the MoU on economic cooperation.

Minister Davies said the significance of the agreement will create a framework to build on the fairly modest economic relations between the two countries.

“We have been cooperating -- particularly when the President of Mauritania was the chair of the African Union (AU) -- on a lot of AU business and we have cordial relations but in the area of the economy, our relations are not particularly strong,” said the Minister.

South Africa’s trade relationship with Mauritania is at about R400 million and is characterised by a big imbalance in favour of South Africa.

“We do supply quite a number of value added products to Mauritania such as fruit and other products go via Europe, which … tells us of the challenges that we have.

“Promoting intra-African trade is one of our key objectives and we are mindful of the fact that we will be launching the negotiations for the continental Free Trade Area in South Africa at the AU Summit next month,” said Minister Davies.

South Africa wants to build and strengthen its relations with Mauritania, which bridges the Arab Maghreb and western sub-Saharan Africa region.

“We will establish a joint trade and investment committee. We don’t have any significant investment relations … at this point in time. There are opportunities in the mining sector in Mauritania. They also have agricultural (and) fishing potential,” said Minister Davies.

The Minister said the two countries need to get to know each other better and promote more business-to-business engagement.

Speaking through an interpreter Naha Mint Hamdi Ould Mouknaa, said strengthening relations between the two countries remains important.

“From our side, Mauritania will not spare any effort to execute the terms of this memorandum,” she said.

She also extended an official invitation to Minister Davies to visit Mauritania with a business delegation so the two sides can explore avenues for working together.

The invitation was accepted by Minister Davies. – SAnews.gov.za

 


 
 
 
 
 
 
 
_________________________________________________

August 2017 Edition

 
 
_________________________________________________

Translater


 
 
 
 
 
 
 
 
 

Doing Business in Sri Lanka The High Commission of Sri Lanka in Pretoria in partnership with the Johannesburg Chamber of Commerce and Industry (JCCI) organized a trade and investment promotion... <|> Daesh defeated Daesh, the extremist group that occupied the city of Mosul in Iraq has been defeated, said Ambassador Dr Saad Jawad Kindeel of Iraq to South Africa at a press conference held at the... <|> 65th National Day of the Arab Republic of Egypt 4 August 2017 H.E. Ambassador Sherif Issa and Madame Dina Zeidan hosted a reception on the occasion of the 65th National Day of the Arab Republic of... <|> Vietnam Cuisine Week Ambassador Vu Van Dzung of Vietnam in South Africa hosted the opening of the Vietnam Cuisine Week at Saigon Restaurant in Rivonia, Johannesburg. The Embassy of Vietnam is... <|> Easing travel regulations between South Africa and Kenya 3 May 2016 South Africa and Kenya have announced measures that will make travelling between the two countries easier. South African Home... <|> The story of Diamond Lakes and the legendary Pienaar’s Pothole The story of Diamond Lakes and the legendary Pienaar’s Pothole is what intrigued Dr Navin Naidoo to go into the world of Diamonds... <|> The United Nations stands with South Africa’s women 9 August 2017 Pretoria, South Africa: The United Nations in South Africa extends its warm wishes to the women of South Africa on the... <|> UAE Embassy Women's Day initiative The staff at the Embassy of the United Arab Emirates in South Africa visited the Youth for Survival shelter on Women's Day and donated goods. The donation included... <|> H.E. Ambassador-Designate Lin Songtian arrives in SA Speaking to the press upon his arrival at O.R Tambo International Airport, Johannesburg, Ambassador–Designate Lin Songtian said he is back in... <|> Independence Day of Bolivia 6 August 2017 Bolivia signed its declaration of independence on August 6, 1825 and marked the first Independence Day for Bolivia. On Sunday, the Bolivian community... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.