SA, Indonesia partner up

2017-07-26 06:01
Enggartiasto Lukita (left) from Indonesia, and Rob Davies, minister of Trade and Industry, at the third Joint Trade Committee Meeting held in Midrand on Friday (21/07). Photo: Supplied

Enggartiasto Lukita (left) from Indonesia, and Rob Davies, minister of Trade and Industry, at the third Joint Trade Committee Meeting held in Midrand on Friday (21/07). Photo: Supplied

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South Africa and Indonesia agreed to identify sectors to explore investment opportunities.

Rob Davies, South African Minister of Trade and Industry, and his Indonesian counterpart, Enggartiasto Lukita, met on Friday (21/07) during the third Joint Trade Committee meeting held in Midrand, Johannesburg.

South Africa and Indonesia agreed to work together to facilitate the business-to-business contact and also support each other’s endeavours towards diversity exports.

They believe this will further improve the structure of trade.

“As South Africans, we are looking for productive activities and investments interests,” said Davies.

“It is therefore paramount to interrogate the study that was done to identify the challenges pertaining to investments.”

Both ministers also agreed that identifying these sectors will ensure that business communities from both countries optimise benefits from the existing complementarities in terms of the investments.

Currently, investments between the two countries are non-existent, but this is an opportunity for both countries to explore areas of investment and trade.

Two-way trade between South Africa and Indonesia experienced a relative upward trend since 2012. Total trade between the two countries grew from R12 billion in 2012 to R13 billion in 2016.

Lukita said South Africa is an important trading hub in the world and also a gateway for accessing the African markets.

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