The Diplomatic Society

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

SA cements relations with Tunisia

3 October 2017

South Africa has reaffirmed its commitment to building strong ties with Tunisia at a business forum hosted in Tunis on Monday.

SA Ambassador to Tunisia, Harold Hoyana said South Africa has made a concerted effort to promote trade and stimulate investment between the two countries.
The Department of Trade and Industry (dti) is leading a business delegation comprising 22 companies to the North African country. Monday’s forum was attended by businesspeople from South Africa and Tunisia.

Hoyana said the primary goal of the forum was to encourage business-to-business interactions, which will eventually result in tangible outcomes for both countries’ economies and to find measures to stimulate and increase volumes of direct trade.

“Through initiatives like this, there is certainly a demonstration from both countries that we need to develop mechanisms that will see us moving beyond the current low levels of trade and investment as depicted by 2015/16 trade figures, which put total trade at less than R500 million,” said Hoyana.

Formal trade structures

South Africa and Tunisia enjoy cordial bilateral relations that have yielded a number of agreements and memoranda of understanding (MoU) in numerous areas, within the ambit of the Joint Bilateral Commission (JBC).

Both countries are working towards establishing a Joint Trade and Investment Committee (JTIC), which will go a long way towards advancing bilateral trade between the two countries.

“The keenness of Tunisians to do business with South Africa was greatly demonstrated by the recent trade mission undertaken by Tunisian companies to the Eastern Cape, which yielded positive results.

“One of the main outcomes was a MoU between the East London IDZ (ELIDZ), Eastern Cape Development Corporation (ECDC) and The Industrial Development Zone (Coega IDZ) with their Tunisian counterpart, Zarzis Economic Activity Park. The negotiations of this agreement are ongoing and at an advanced stage,” said Hoyana.

President of the Tunisian Investment Authority, Khalil Laabidi, said Tunisia is a diverse market-oriented economy with important agricultural, mining, tourism and manufacturing industries, offering many opportunities for investment.

“Our main focus has always been on encouraging exports, foreign direct investments (FDI) and tourism. I want to encourage more collaborative efforts of this nature from both countries,” said Laabidi.

South Africa and Tunisia already enjoy cooperation in the fields of health, social development, science and technology, culture and sports, and this cooperation has significantly strengthened over the years.

At the conclusion of the first lag of the mission, the delegation will move to Algeria for the second lag of the mission, which will end on Thursday.

The mission will serve to promote South African products and service offerings, while creating partnerships between the business communities of the respective countries.



Nov/Dec 2017 Edition







Dr Laknath Jayasinghe: Strengthening India-Australia trade and diplomacy in higher education 22 November 2017 This month in a conversation with the Global Editor for The Diplomatic Society Srimal... <|> Ambassador of Vietnam presents credentials in Botswana 24 November 2017 H.E Vu Van Dzung, Ambassador of Vietnam to South Africa presented his credentials to H.E. Lieutenant General President... <|> Fifth African Union – European Union Summit kicks off at Senior Officials level 26 November 2017 Held under the theme "Investment in Youth for Accelerated Inclusive growth and sustainable... <|> SA-Angola must diversify their economies 24 November 2017 President Jacob Zuma has urged South Africa and Angola to diversify their economies and challenged the two to lead industrialisation... <|> Investment in Youth Abidjan, Cote d’Ivoire, 30 November 2017 “Investment in Youth for Accelerated and Inclusive real growth and sustainable development” was at the center of discussions of... <|> 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... <|> United Nations Deputy Secretary-General wraps up visit to South Africa 27 November 2017 Cape Town, South Africa: United Nations Deputy Secretary-General Amina Mohammed wrapped her two-day visit in... <|>   Media, Innovation and Global Impact 16 January 2018 This column is about change: Ongoing change driven by technology altering the way we work, make money and our ways as social beings…... <|> Solidarity with Palestine 1 December 2017 The Honourable Dr. Nabeel Shaath, Advisor to the President of the State of Palestine on Foreign and International Relations, visited South Africa from the... <|> <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.