The Diplomatic Society

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

Denmark set to improve trade with SA

4 November 2014

Pretoria - Denmark is expected to improve trade relations with South Africa following a meeting between the two countries’ trade ministers.

Department of Trade and Industry (dti) Minister Rob Davies held a meeting with Danish Minister of Trade and Development Cooperation, Mogens Jensen, on Monday in Cape Town.

Denmark is set to improve trade with South Africa by 50%.

Minister Jensen said that they see South Africa as a port to the rest of Africa with 27 000 Danish citizens visiting South Africa yearly.

Minister Jensen also said that they would like to have a direct flight connection to Denmark.

South Africa and Denmark’s bilateral trade and investment relations are governed by the European Union and South Africa, Trade, Development, and Cooperation Agreement.

Total trade between South Africa and Denmark have steadily been on the increase with total trade at R2.9 billion in 2009 having increased to R3.4 billion in 2011. In 2013, total trade increased to R4.8 billion.

“The total exports to Denmark from South Africa increased from R1 billion in 2009, R1.4 billion in 2011, with the exception of 2010(R917 million), 2012 (R1 billion) and 2013(R890 million). The decrease in total exports from South Africa to Denmark in 2012 and 2013 can be attributed to decline in external demand, due to slow recovery in the EU (28),” said Minister Davies.

The Ministers also discussed amongst others Bilateral Investment Treaties and the Tripartite Free Trade Area.

On the Tripartite Free Trade Area, Minister Davies said that the approach is developmental and has three pillars, namely Infrastructure Development, Industrial Development and Market Integration.
He further added that the Tripartite Free Trade Area will be launched next month. - SAnewsgov.za

 


 
 
 
 
 
 
 
 
 
 
 
 
 
_________________________________________________

February/March 2020

 
 
.
_________________________________________________

Translater


 

 

 

  
 
 
 
 

 
 
                                                     
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 

 
 
 
 
 
 
 
 
 
 
 
 

<|> <|> Indonesian Tourism responds to Millennials and wins Award 8 October 2019 "The challenge to the tourism world is not getting easier. It is not only the global economic slowdown, but also a change in... <|> A MEMORIAL, CORONATION, ENGAGEMENT AND A WEDDING: A ROYAL AFFAIR by Stella Sigcau 15 October 2019 September and October months were very busy in the royal calendars throughout South Africa... <|> Culture and Heritage Tourism Boost the Economy of the Mpondo Kingdom Mbotyi and Mngazi 15 October 2019 By Stella Sigcau Mpondo Kingdom is known for its cultural richness, beautiful... <|> SADC enhances cooperation with Indonesia 15 October 2019 ”Indonesia is ready to be part of the African development, especially in the southern African region” Photo: Ambassador of the Republic... <|> A rising star ready to make it internationally by Stella Sigcau 16 October 2019 Azemahle Lwanda Matebese a 13 year old, grade 8 scholar from Durban Girls High School has had a passion for dancing... <|> Korea calls for ease of doing business in SA 2 October 2019 This year marks Korea’s 4,352nd anniversary since its national foundation, and the 71st anniversary of its Armed Forces Day. In South... <|> Russia-Africa look to deepen scientific ties 14 October 2019 With a week to go until the first ever Russia-Africa Summit, Russia has emphasised the need to expand and deepen scientific ties between... <|> SA, Nigeria commit to condusive business environment 4 October 2019 The governments of South Africa and Nigeria have committed to creating a conducive business environment that will make it easier... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.