ITEC - deepening economic and trade ties between South Africa and Russia
13 November 2012
International Relations and Cooperation Minister Maite Nkoana-Mashabane concludes her working visit to Moscow, the Russian Federation, where she co-chair the 11th Session of South Africa-Russia Joint Intergovernmental Committee on Trade and Economic Cooperation
(ITEC) with the Minister for Natural Resources and Environment of the Russian Federation, Mr Sergey Donskoi, on 12-13 November 2012.
A bilateral meeting hosted by Mr Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation, preceded the 11th ITEC. The bilateral meeting presented an opportunity to discuss bilateral and multilateral cooperation between South Africa and Russia as well as issues on the global agenda.
The ITEC is a bilateral cooperation mechanism between South Africa and the Russian Federation, which meets annually to consider technical co-operation between the two countries.
The 11th Session of ITEC takes place within the context of strengthening North-South Dialogue and against the backdrop of solid relations between the two countries with particularly deep and extensive cooperation in the fields of education and skills development; energy; minerals; transport; agriculture, fisheries, water resources, justice; and science and technology.
South Africa regards the Russian Federation as a strategic partner and close bilateral and multilateral ties exist between the two countries.
While there is currently no structured mechanism for political dialogue between South Africa and Russia, ITEC serves as the mechanism for broadening and deepening economic and trade ties. ITEC serves as the engine room for the generation of new bilateral agreements and for reviewing and bolstering implementation of those agreements.