DTI leads SA to Brazil in trade promotion
A Department of Trade and Industry- (DTI-) led delegation of South African businesspeople has landed in Brazil to promote trade and business cooperation between the two emerging countries at the Investment and Trade Initiative (ITI).
The ITI, taking place from October 21 to 25, would focus on promoting trade sectors, which were targeted based on “complementary and competitive” offerings to the Brazilian market, including agroprocessing, mining equipment and services, and investment sectors, such as automotive components, transport equipment and alternative energy sources.
The delegation, led by Trade and Industry Deputy Minister Elizabeth Thabethe, would visit key economic cities in Brazil, including Sao Paulo, Belo Horizonte and Curitiba.
The ITI was aimed at promoting business cooperation between South African and Brazilian industries, creating awareness of the business opportunities in South Africa and the rest of the African continent, and sharing information on the investment incentives available.
“South Africa and Brazil share a strategic relationship which is also reflected in the cooperation within the Brics [Brazil, Russia, India, China and South Africa] and Ibsa [India, Brazil and South Africa] frameworks,” the Deputy Minister said, adding that a key area of focus was the advancement of mutually beneficial trade and investment links.
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