S-Africa enhances economic relations with India
(MENAFN) South Africa’s Trade, Industry, and Competition Minister Parks Tau will lead a delegation to Mumbai and Delhi from August 25 to 29 at the invitation of Indian Commerce and Industry Minister Piyush Goyal, aiming to strengthen trade relations, expand economic ties, and explore new markets. Tau will also speak at the 20th India-Africa Conclave, a key platform for fostering collaboration between Africa and India.
Amid pressure from a 30% US tariff on South African exports and domestic protectionism, the country is exploring alternative trade partners to protect jobs, growth, and investment. South Africa’s High Commissioner to India, Professor Anil Sooklal, emphasized that diversifying trade is crucial and that India presents opportunities to mitigate the effects of US tariffs while tapping into the growing Indian market.
The visit will focus on mining, manufacturing, energy, agriculture, tourism, and pharmaceuticals, with Tau holding bilateral meetings with Indian businesses to explore partnerships. Indian companies, including Vedanta, Zinc International, Mahindra, and Pepsico, have already invested heavily in South Africa, highlighting the potential for expanded economic cooperation. The mission is expected to yield significant benefits for South Africa’s trade and development.
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