South Africa and Austria hold successful bilateral engagement
25 October 2016
Pretoria - International Relations and Cooperation Minister Maite Nkoana-Mashabane has held a successful bilateral engagement with her Austrian counterpart Mr Sebastian Kurz, the Minister for Europe, Integration and Foreign Affairs.
“The meeting discussed the growing relations between the two countries and how to build on the recently signed Memorandum of Understanding (MoU) on the Establishment of a Bilateral Consultation Mechanism.
“The MoU allows for regular bilateral consultations at senior officials’ level to review all aspects of bilateral relations, exchange views on regional and international issues of mutual interest, as well as on developments taking place in regional and international fora,” the Department of International Relations and Cooperation said.
South Africa and Austria have a cordial trade and investment relationship, with total trade in 2015 amounting to R7.76 billion.
South African direct investments in Austria amounted to about R43 billion at the end of 2014, against about R10 billion Austrian investments in South Africa.
The Ministers discussed possible increased trade and investment in South Africa in support of the five key national priorities and the Nine-Point Plan.
“They also touched on a number of regional and global issues, such as United Nations reform, migration, nuclear non-proliferation and disarmament, the situation in Syria and Libya, as well as the impact of Britain’s exit from the European Union on Europe,” the department said.
Minister Kurz has been in the country since Monday and is expected to stay in South Africa until Wednesday.
He is accompanied by a 50-member Austrian business delegation, which includes the President of the Austrian Chamber of Commerce. – SAnews.gov.za