South Africa’s Department of Trade, Industry, and Competition (DTIC) has announced that it plans to host a virtual Outward Trade and Investment Mission with Ethiopia on November 25th and 26th. The seminar is intended to boost bilateral trade and investment between the two African nations.
DTIC Deputy Minister Nomalungelo Gina says that the mission is an ideal opportunity for South African companies that have the potential to export value-added products to Ethiopia and for those that have the capability to invest in the nation’s promising economy.
South Africa’s imports from Ethiopia are dominated by agricultural products like coffee and spices. With such a strong base, DTIC officials believe that trade trends between the two nations in 2019 are promising illustrations of the agricultural and industrial potential for increased relations.
With this in mind, the seminar is going to be focused on agro-processing, pharmaceutical, energy, and leather trade relations. Nomalungelo Gina also cited a Joint Trade Committee established in 2015 as a vital framework to boost cooperation between the two nations.