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South Africa-European Union strategic partnership

Video guest: Josephine Mwangi

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Tuesday, 11 July 2017

South Africa-European Union strategic partnership

Ambrosetti organized, in partnership with multinational South African pharmaceutical company Aspen Pharmacare, the Roundtable “South Africa-European Union Strategic Partnership – Strengthening economic relations and cooperation and fostering social innovation”, a gathering for high-level debate on strategies and priorities to advance SA-EU collaboration. This event is part of the program of activities of the Observatory on Europe, The European House – Ambrosetti 12 years-old European think tank on competitiveness and integration of the EU, which provides strategic analysis and recommendations to improve the EU’s integration process and bolster European competitiveness. As Marcus Cornaro, European Union Ambassador to the Republic of South Africa, mentioned in his opening speech, it is about “Ten years of strategic partnership, but decades of close cooperation and friendship starting in 1986 with the Special Programme for the Victims of Apartheid”. “Today – continued Ambassador Cornaro – the EU is South Africa’s biggest export market and its biggest source of FDI. EU investment in South Africa creates close to 350,000 jobs. In addition, through the EU-funded Risk Capital Facility, as well as through a number of Local Economic development programmes, the EU has been able to support over 150 SMEs providing jobs to some 12,000 individuals. And today we can rightfully commend ourselves and each other for the entry into force of the SADC Economic Partnership Agreement that promotes sustainable development and unlocks the potential for more and better trade investment.” In his speech DG DEVCO Director General Stefano Manservisi pictured how the global challenges faced by the world today have been captured in the new agendas the World and the EU have set to themselves. These challenges have an impact on the EU Partnership with South Africa. He thereafter illustrated how development cooperation – in particular Science & Technology and innovation – has been instrumental in shaping EU-SA Partnership.

Source: EuReporter