The Diplomatic Society

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

South Africa and Mauritania to establish investment committee

Minister of Trade and Industry, Dr Rob Davies together with the Islamic Republic of Mauritania Minister of Commerce Industry and Tourism, Mrs Naha Mint Hamdi Ould Mouknass signing a Memorandum of Understanding (MOU) on Economic Co-operation at Tshedimosetso House in Pretoria. 08/05/2015.
Minister of Trade and Industry, Dr Rob Davies together with the Islamic Republic of Mauritania Minister of Commerce Industry and Tourism, Mrs Naha Mint Hamdi Ould Mouknass signing a Memorandum of Understanding (MOU) on Economic Co-operation at Tshedimosetso House in Pretoria. Photo: GCIS

8 May 2015

Pretoria - South Africa and Mauritania are to establish a joint trade and investment committee following the signing of a Memorandum of Understanding (MoU) between the two countries.

Trade and Industry Minister, Dr Rob Davies, together with Mauritanian Minister of Commerce, Industry and Tourism Naha Mint Hamdi Ould Mouknass, on Friday signed the MoU on economic cooperation.

Minister Davies said the significance of the agreement will create a framework to build on the fairly modest economic relations between the two countries.

“We have been cooperating -- particularly when the President of Mauritania was the chair of the African Union (AU) -- on a lot of AU business and we have cordial relations but in the area of the economy, our relations are not particularly strong,” said the Minister.

South Africa’s trade relationship with Mauritania is at about R400 million and is characterised by a big imbalance in favour of South Africa.

“We do supply quite a number of value added products to Mauritania such as fruit and other products go via Europe, which … tells us of the challenges that we have.

“Promoting intra-African trade is one of our key objectives and we are mindful of the fact that we will be launching the negotiations for the continental Free Trade Area in South Africa at the AU Summit next month,” said Minister Davies.

South Africa wants to build and strengthen its relations with Mauritania, which bridges the Arab Maghreb and western sub-Saharan Africa region.

“We will establish a joint trade and investment committee. We don’t have any significant investment relations … at this point in time. There are opportunities in the mining sector in Mauritania. They also have agricultural (and) fishing potential,” said Minister Davies.

The Minister said the two countries need to get to know each other better and promote more business-to-business engagement.

Speaking through an interpreter Naha Mint Hamdi Ould Mouknaa, said strengthening relations between the two countries remains important.

“From our side, Mauritania will not spare any effort to execute the terms of this memorandum,” she said.

She also extended an official invitation to Minister Davies to visit Mauritania with a business delegation so the two sides can explore avenues for working together.

The invitation was accepted by Minister Davies. – SAnews.gov.za

 


 
 
 
 
 
 
 
 
 
 
 
 
 
_________________________________________________

January/February 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.