dti: South Africa on a mission to increase trade and investment with Senegal

18th March 2016

dti: South Africa on a mission to increase trade and investment with Senegal

Rob Davies

The Department of Trade and Industry (the dti) will lead a delegation comprising of 23 companies to showcase the best in South African products and services during the Outward Selling and Investment Mission to Senegal from 21 - 23 March 2016.

The objective of the mission is to increase the bilateral trade and investment between South Africa and Senegal. This mission will also afford South African companies the opportunity to interface with their Senegalese counterparts with an endeavour to forge partnerships and joint-ventures.

According to the Minister of Trade and Industry, Dr Rob Davies strengthening and formalising trade and investment links with Senegal is critical in that it systematically contributes to the economic revival and development of both South Africa and Senegal.

“The maiden mission to Senegal comes as an intervention strategy to increase and strengthen South Africa’s trade and investment relation with Senegal. It is also in line with the dti’s objective of supporting the development of the continent and promoting Intra-Africa Trade,” says Davies.

Davies adds that several bilateral consultations have taken place between South Africa and Senegal to explore mechanisms to address issues around the increase of trade and investment flows between the two countries.

“The visit would afford South Africa and Senegal the opportunity to identify trade impediments which can be escalated at a bilateral level,” says Davies.

The target sectors for this mission include: Agro-processing and Agriculture (Including Agro-technology / Agricultural equipment); Infrastructure (rail, road, ports and telecoms); Built environment professionals (consulting engineers, civil engineering contractors, quantity surveying and architects); Chemicals (Fertilizers & petroleum refining); and Electro technical (electronics, electrical engineers, renewable energy).

Planned activities include Trade and Investment seminar, business to business meetings and site visits.

 

Issued by the Department of Trade and Industry