US, Western Cape launch trade investment partnership
The US Consulate General in Cape Town and the Western Cape government have jointly launched a Trade and Investment Promotion Partnership which will build on the momentum of an existing economic relationship to promote shared prosperity and economic development.
In a statement released on Friday, Western Cape Minister of Finance and Economic Opportunities David Maynier and US acting Consul General in Cape Town Will Stevens pledged to deepen cooperation and coordination to promote and increase bilateral trade and investment through various engagements, events and high-level interactions.
According to Maynier, the partnership will leverage the decades of innovative trade and investment promotion through Western Cape’s agencies such as Wesgro, and the services, resources and expertise of 17 US government agencies to support US and African businesses, as well as the African Growth and Opportunity Act, which allows duty-free exports of more than 6 500 goods from Africa to the US.
“The US is a key tourism and business market for the Western Cape, and the biggest source of foreign direct investment for the Western Cape, so I am excited about the potential for further investment and economic growth for both regions through the Trade and Investment Promotion Partnership.”
Maynier said the economic relationship between the US and the Western Cape was robust and growing and that the Western Cape’s diverse and dynamic economy attracted investment from big and small US companies.
"Bilateral trade between the US and the Western Cape has increased by 335% over the past 20 years and is now valued at about R17-billion a year.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation