A delegation of 27 South African companies will participate in the 52nd Maputo International Trade Fair (Facim) taking place in the Mozambican capital next week.
Their participation in the fair, which runs from Aug 29 to Sept 4, is being facilitated by the Department of Trade and industry (DTI) through its export marketing and investment assistance scheme which aims to develop export markets for South African products and services and to attract new foreign direct investment (FDI) into the country.
South African Minister of Trade and Industry Dr Rob Davies said Monday that participation in Facim would expose the South African companies to trade and investment opportunities in Mozambique as well as other countries participating in the exhibition.
Last year, the trade fair attracted 680 foreign companies from countries which included Zimbabwe, Germany, Brazil, Macau, Indonesia, Poland, Qatar and Sweden.
“The DTI is striving to facilitate economic development through promoting outward investment, intra-Africa trade, regional industrialisation and infrastructure development within the Southern African Development Community (SADC) region and the rest of Africa,” Davies said in a statement.
He added that one of the DTI’s strategic goals was to expand the South African manufacturing sector in order to promote industrial development, job creation, investment and exports.
“In order to achieve this objective, the department embarks on international missions and participates in targeted international trade exhibitions in order to promote exports of South African value-added goods and services to increase market share in markets in various regions of the world,” Davies added.
Mozambique is one of South Africa’s top five trade partners in the southern African Development Community (SADC) syb-region. Trade between the two countries totalled more than 39 billion Rand (about 2.9 billion US dollars) in 2015.
Source: NAM NEWS NETWORK