South Africa And Tanzania Strengthen Bilateral Trade Relations

Pretoria – With already growing bilateral cooperation, South Africa and Tanzania have agreed to continue to expand mutual relations by exploring areas that remain untapped.

Bank of Tanzania golden hour

“We need to refocus and reprioritize our cooperation for the mutual benefit of our respective countries, leading to the eradication of poverty, unemployment and inequality.“We have agreed to pay a particular focus on economic cooperation by encouraging private sector investments, infrastructure development, agro-processing, beneficiation and joint venture projects to strengthen trade and investment between the two countries,” said President Zuma on Thursday.

He was speaking to media after official talks at the Inaugural South Africa-Tanzania Bi-National Commission (BNC) with his Tanzanian counterpart, John Magufuli.

President Zuma, accompanied by six Ministers, arrived in the east African country on Wednesday night for a State visit.

The two Presidents have directed Ministers and officials to finalize all outstanding agreements and memoranda of understanding.

“Key in this regard is the need to implement all existing agreements. We are happy with the signing of the two memoranda of understanding that will take place today in transport and the environmental affairs areas,” said President Zuma.

Already the two countries have growing bilateral cooperation in defence and security, science and technology, arts and culture, environmental affairs, trade and investment, transport and energy, to mention but a few.

These are solidified by the historical bonds of friendship and comradeship, which were cemented when South Africa was fighting the apartheid government.

The relations have seen booming trade figures between the two countries. In 2016, South African exports to Tanzania were valued at R6.5 billion, whereas imports from Tanzania amounted to R3.5 billion.

President Zuma, who will later address the Business Forum, urged business-people from both countries to take advantage of the strong historical relations and explore business opportunities.

President Zuma said the inaugural BNC will provide the required impetus to bilateral relations by expanding the areas of cooperation to include the political, economic, security and cultural fields.

The BNC will be supervised on a Head of State and Government level to growth relations.

Historic ties

President Zuma also used his address to pay tribute to Tanzania in the role it played in the liberation struggle.

The bonds of friendship and comradeship were forged when the leadership of Oliver Tambo, Nelson Mandela and Joe Matthews met in 1962 in Tanzania to discuss support for the ANC, including the launch of the armed struggle.

“Importantly, Tanzania afforded our movement and leadership the space to develop the watershed change in strategy, a gesture that would ultimately result in the eventual overthrow of one of the most inhumane and oppressive systems ever adopted by a regime.

“Tanzania also heeded our clarion call, when in the aftermath of the 1976 student uprising, our leader Oliver Reginald Tambo approached the Tanzanian government for the allocation of a piece of land to establish a school for South Africans banished from their country,” said President Zuma.

He said South Africa will never forget the role Tanzania played in the attainment of freedom and democracy for South Africa.

[Source: South African Government News Agency (SAnews.gov.za) -/- Media Relations]
[Photo Credits: inserted by openeyesopinion.com credits embedded]

###
 
 


 
Discover The Best Places To Retire, Do Business And Live Overseas

Visiting Las Vegas?… Check out this website first

Take a look at the Most Popular Trip Insurance plans Allianz has to offer
 
Compare Cheap Flights from the Departure City of your Choice with Airfarewatchdog!

Generic_728x90




Click here for reuse options!
Copyright 2017 openeyesopinion.com
Share This Post
Share on Facebook0Share on Google+1Tweet about this on TwitterShare on Reddit0Pin on Pinterest0Share on StumbleUpon0Share on LinkedIn0Digg thisShare on Yummly0Share on Tumblr0Buffer this pagePrint this pageEmail this to someone





Related News

  • Japans Exports To China Rose 19.5 Per Cent Year-On-Year
  • European Investment Bank (EIB) Approved New Project Financing Totalling EUR 12.4 Billion
  • Macron Wants A Hard Brexit To Incentivize Finance Companies To Relocate To France
  • The Federal Reserve Board Fines BNP Paribas $246 Million Dollars For Foreign Exchange Violations
  • Three Former Currency Traders Arraigned In Foreign Currency Exchange Antitrust Conspiracy
  • First EBRD & E5P Project To Introduce Electric Green Buses In Batumi, Georgia
  • Russian And UAE Economic Relations Steadily Increasing
  • Luxury Real Estate Development – DAMAC Chairman Touring Croatia
  • Romania – Bucharest Logistic Park Expansion Gets Assist From ‘European Bank For Reconstruction And Development’
  • European Union And Japan Enter Into Bilateral Economic Partnership
  • Hungary And Russia Working On A New Natural Gas Pipeline
  • Qatar Petroleum Said It Plans To Increase Natural Gas Production By 30 Percent
  • A Joint ILO-WTO Study, “Investing In Skills For Inclusive Trade”
  • UN ‘Conference On Trade And Development’ Gets New Deputy Secretary-General
  • China And Thailand To Sign $5 Billion Rail Infrastructure Agreement, Linking Bangkok To Kunming
  • Samsung, Of South Korea, Plans To Open $380 Million Appliance Manufacturing Plant In South Carolina