The Diplomatic Society

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

South Africa, Slovakia to boost economic relations

Pretoria - South Africa and Slovakia have signed a joint declaration to boost bilateral economic relations at the 4th session of the Slovakia–SA Joint Council for Economic Cooperation.

The South African side was led by the Deputy Minister of Trade and Industry, Elizabeth Thabethe, and the Slovakian delegation was led by State Secretary of Economy, Pavol Pavlis.

Thabethe said the principal objective of the session was to establish a roadmap for bilateral cooperation focused on increasing the volume of trade, enhancing full cooperation in the field of industry and on encouraging and facilitating the expansion of bilateral investment.

She said this was done by identifying the economic and investment opportunities in the respective countries.

Thabethe added that both countries noted the large contribution of the automotive sectors to bilateral trade and emphasised the importance of promoting the diversification of the sectors and products traded between the two countries.

“In light of the weak global economy, we have agreed to develop closer cooperation in the areas including the following sectors, automotives, including automotive components, agro-processing, medical equipment, pharmaceuticals, infrastructure, renewable and nuclear energy, ICT, tourism, glass industry, fresh and processed foods, as well as wines,” Thabethe added.

The parties also agreed to share information concerning their countries’ official international fairs or exhibitions.

Thabethe said this will encourage interaction between companies from both countries in global events, which could result in increased business.

Thabethe together with her counterpart Pavlis have agreed to evaluate the signed declaration every six months.

Total trade between South Africa and Slovakia has been increasing consistently over the years.

In 2011, bilateral exchange of goods between Slovakia and South Africa amounted to R792 million, an increase of 14 percent in comparison to 2010 (R720 million).

South African exports to Slovakia in 2011 amounted to R13 million, an increase of 18.1 percent in comparison to 2010.

Slovak exports to South Africa amounted to R779.5 million, an increase of 9.6 comparing to 2010 (R709.7 million). Currently the balance of trade is in favour of Slovakia by R766. 5 million. – SAnews.gov.za

 


 
 
 
 
 
 
 
 
_________________________________________________

April 2017 Edition

_________________________________________________

Translater


 
 
 
 
 
 
 
 

Science, Technology and Environment Cooperation between South Africa and Argentina 6 April 2017 The Scientific and Technological Cooperation between South Africa and Argentina was further enhanced... <|> High Court on Dagga 6 April 2017 The Hemp, Dagga, Weed, Herb, Marijuana and a plant by any other name, Industrialisation report back presentation was full of positive excitement. Medicines,... <|> Transforming ballet in South Africa 10 April 2017 Transformation in ballet has a long way to go. In order to make the most of talent that is available in South Africa, talented dancers from all... <|> 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... <|> Commemorating 20 years of Signing the Red Fort Declaration and bidding farewell 10 April 2017 20 Years ago late President Nelson Mandela of South Africa and Mr HD Deve Gowda, former Prime Minister... <|> Transnet launches first ever train 4 April 2017 Transnet has officially launched it’s the first ever train which it designed, engineered and manufactured. The locomotive, which will serve the... <|> Deputy Minister Landers concludes successful working visit to Central America 7 April 2017 International Relations and Cooperation Deputy Minister Luwellyn Landers has concluded his Working Visit... <|> Sri Lanka and South Africa pursue enhanced cooperation 18 April 2017 The Sixth Session of the Senior Officials’ Meeting of the Partnership Forum between Sri Lanka and South Africa was held in... <|> UN Designates Malala Yousafzai as Messenger of Peace 11 April 2017 United Nations Secretary-General António Guterres designated Malala Yousafzai, global advocate for girls’ education and the... <|> South Africa and Qatar explore investment opportunities 12 April 2017 Pretoria - The President of the Black Business Council, Dr Danisa Baloyi, says South Africa should take advantage of the... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.