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South Africa discusses trade, investment with EU

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Thursday, 20 June 2013

South Africa discusses trade, investment with EU

Trade and investment relations between the EU and South Africa were discussed by South Africa International Relations Minister Maite Nkoana-Mashabane and the European Commission vice president Baroness Catherine Ashton on June, 10 in Brussels.
EU represents one of the biggest partners of South Africa, mainly as a result of the trade, development and co-operation agreement (TDCA), signed in 1999, Nkoana-Mashabane remarked.
Since the agreement was signed, there had been a 128% increase in trade between South Africa and the EU.
However, South Africa’s classification as a high- to middle-income state signified a possible decrease in development assistance from the EU, Nkoana-Mashabane stated.
The meeting was also meant to prepare the annual South Africa-EU Summit, which will take place in South Africa next month.

Source: Fin24