International Relations and Cooperation (Dirco) Deputy Minister Nomaindia Mfeketo will undertake a working visit to Korea this week.
The Deputy Minister will co-chair the 8th Policy Consultative Forum, together with LEE Kyung-soo, Deputy Minister for Political Affairs of the Republic of Korea, on Friday in Seoul, Korea.
“South Africa’s participation in the Policy Consultative Forum will be informed by its national interests and priorities, its regional and continental commitments, as well as its aspirations for a prosperous world at peace with itself,” said Dirco spokesperson Clayson Monyela on Wednesday.
In addition, South Africa will demonstrate a clear commitment to strengthen its friendship and cooperation through the frequent exchanges of visits and business delegations.
In building a g mixed economy, South Africa needs foreign partnerships.
Korea is South Africa’s 4th largest trading partner in Asia and South Africa is Korea’s largest trading partner in Africa.
Trade, investment and skills development form the backbone of relations between South Africa and the Republic of Korea, a high-technology country which makes it an attractive partner for South Africa.
During the Policy Consultative Forum, Deputy Minister Mfeketo will convey the priorities of the Government of South Africa as outlined in the National Development Plan (NDP), South Africa’s roadmap to eliminate poverty and reduce inequality by 2030.
The NDP also provides a g platform for collaboration and partnership to address constraints to growth, create jobs and achieve a more inclusive society.
South Africa and Korea share similar views on the importance of multilateralism. The Republic of Korea provides ongoing support for the continued development of the African continent through the Korea-Africa Forum of which the previous forum was held on 17 October 2012.
The next Korea-Africa Forum is scheduled for 2015.
Korea enjoyed a favourable trade balance with South Africa in 2013 – approximately R6.1 billion. Total trade in 2013 was R30.2 billion, with South African exports to Korea in the region of R12.1 and South African imports from Korea in the region of R18.1 billion.
Source : SAnews.gov.za