25-06-2013, 06:37 PM
Pretoria - The Minister of Trade and Industry, Rob Davies, will on Wednesday address the media on trade relations between the United States and South Africa ahead of President Barrack Obama’s visit this week.
The American president is scheduled to arrive in South Africa on Friday for a visit that many experts say will lay the foundation for stronger cooperation between the world’s economic powerhouse and sub-Saharan Africa.
Obama’s three-nation visit includes stops in Senegal, South Africa and Tanzania. This is his second trip to the region.
Minister Davies will highlight the importance of President Obama’s visit, in relation to trade and investment, and the country’s position as a prime investment destination.
“The United States is one of the five major trading partners of South Africa and our trade with the US has recovered to the levels of 2008 before the global financial crisis.
“Also our trade has been characterised by a proportion of value added products coming from South Africa, which makes it of strategic significance to us,†said Davies. – SAnews.gov.za
The American president is scheduled to arrive in South Africa on Friday for a visit that many experts say will lay the foundation for stronger cooperation between the world’s economic powerhouse and sub-Saharan Africa.
Obama’s three-nation visit includes stops in Senegal, South Africa and Tanzania. This is his second trip to the region.
Minister Davies will highlight the importance of President Obama’s visit, in relation to trade and investment, and the country’s position as a prime investment destination.
“The United States is one of the five major trading partners of South Africa and our trade with the US has recovered to the levels of 2008 before the global financial crisis.
“Also our trade has been characterised by a proportion of value added products coming from South Africa, which makes it of strategic significance to us,†said Davies. – SAnews.gov.za