SOUTH AFRICAN TRADE MINISTER IN MAPUTO TO ATTEND TICAD MEETING

PRETORIA, South African Trade and Industry Minister Rob Davies has left for Mozambique to attend a ministerial follow-up meeting of the Tokyo International Conference on African Development (TICAD).

The two-day TICAD VI meeting, which is co-organized by the government of Japan, the United Nations Development Programme, the World Bank and the African Union (AU) Commission, is taking place in Maputo on Thursday and Friday.

The objective of the meeting is to review progress following the adoption of the Nairobi Declaration together with its Implementation Plan during the TICAD VI Summit, held in Kenya last year. The meeting will also review the status of implementation of the Yokohama Action Plan (2013-2017), adopted at the TICAD V Summit held in Japan in 2013, the Department of Trade and Industry (dti) said in a statement here Thursday.

The Nairobi Declaration aims to strengthen Africa’s growth through partnerships with Japan while the Yokohama Action Plan spells out goals to be achieved and specific measures to be implemented through the TICAD process during the 2013-2017 period.

Throughout this Action Plan period, greater attention is given to Africa’s own efforts, mainstreaming of women and youth and promotion of human security across all aspects of the development agenda.

Davies will also address the TICAD Business Forum, referred to as the ‘Dialogue with the Private Sector from Japan and Africa’, aimed at strengthening Japan-Africa economic relations to facilitate high-level engagements and business networking between African business leaders and their Japanese counterparts.

The deliberations of this dialogue will focus on the following themes and sectors: energy, information technology, infrastructure health, mineral resources, finance, transport, construction and machinery, said the dti, which added that the outcomes of the dialogue would be reported to the TICAD VI Follow-up Ministerial meeting.

Davies will also have bilateral meetings with Japanese business leaders to provide an update of Japanese business activities and investments in South Africa. Japan exported vehicles worth 4.5 billion US dollars to Africa, accounting for 3.16 per cent of Japan’s global vehicle exports in 2014 with South Africa being the main destination on the continent, followed by Kenya and Egypt.

South Africa has consistently been the number one buyer of Japanese goods from Africa, followed by Nigeria, Algeria, Gabon and Equatorial Guinea in recent years.

TICAD was launched in 1993 by the Japanese government to promote Africa’s development, peace and security, through the strengthening of relations in multilateral cooperation and partnership.

Source: NAM NEWS NETWORK