SA, Italy seek to grow trade and investment partnership
Italian ambassador to South Africa Pietro Giovanni Donnici speaks about bilateral trade relationships between South Africa and Italy, and Gauteng province director general Phindile Baleni outlines the province’s contribution. Video and editing: Nicholas Boyd.
The fifth edition of the South Africa-Italy Summit/Indaba, recently held in Johannesburg, has emphasised the importance of bilateral trade relations and investment partnerships between the two countries. This year, trade between South Africa and Italy grew by 11% in the first seven months.
Italian ambassador to South Africa Pietro Giovanni Donnici said that Italy viewed its relationship with South Africa as a mutually beneficial one in which economic growth in one country was profitable to the other.
Further, he said that trade between the two countries did not impair local growth but supported it instead by feeding products and services into the local value chain.
Also speaking at the event was Gauteng Premier’s Office director-general the Phindile Baleni, who expressed her pleasure at the indaba evolving into a pan- African and pan-European event.
She also indicated that hosting the event in Gauteng for the third time was commendable, with the region contributing considerably to the country’s overall gross domestic product, as well as to the country’s trade with Italy.
The event is expected to assist Gauteng and South Africa in strengthening and building relationships with key economic regions.
Baleni indicated that South Africa was one of the most appealing destinations in the Southern African Development Community for foreign direct investment.
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