Dti aims companies to optimise market access opportunities in the Middle East

By Drum Digital
16 May 2016

The Department of Trade and Industry will undertake an Outward Selling Mission to the United Arab Emirates and Iran to assist South African companies to optimise on the market access opportunities in the two Middle East countries.

By Ayanda Sitole

The mission is part of the dti’s mandate to promote South Africa’s value-added goods and services abroad by broadening the export base, increasing market share in targeted high growth markets and increasing the demand for South African goods and services through market diversification.

The Minister of Science and Technology Naledi Pandor opened a bio-manufacturing centre in Pretoria at the Council for Scientific and Industrial Research (CSIR) on Friday and it aims to support small, medium and micro enterprises (SMMEs) involved in bio-manufacturing by enabling them exploit market opportunities.

Pandor believes the local manufacturing sector has been slow to adopt innovative manufacturing technologies leading to limited value addition to raw materials and a steady increase in the country’s trade deficit.

The project aims to enable the CSIR to develop unique insights into the potential of the bio-economy and bio-manufacturing sector and create  permanent and temporary jobs while the economic impact is projected at about R250 million per annum within the next five years.

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