News

Industries

Companies

Jobs

Events

People

Video

Audio

Galleries

My Biz

Submit content

My Account

Advertise

Import/Export News South Africa

SA, Germany fortify bilateral relations

BERLIN: Foreign Minister Nkosazana Dlamini Zuma is to meet with German Foreign Minister Frank-Walter Steinmeier Monday, 9 March 2009, to review existing bilateral political, economic and trade relations between South Africa and Germany.

The two ministers are expected to discuss South Africa's preparations towards hosting the 2009 Confederations Cup and 2010 FIFA World Cup.

Germany was host to the previous events and has signed an agreement with South Africa to share its knowledge and experiences. It's assistance to the South African Local Organising Committee and sport authorities will ensure that the World Cup is as successful as the previous one.

European tour

Minister Dlamini Zuma's visit is part of a four-nation European tour aimed at consolidating relations between South Africa with European countries and consolidating the African Agenda.

The tour will include Germany, Switzerland, the United Kingdom and Denmark.

During her visit, Minister Dlamini Zuma will address the African Diplomatic Corps based in Berlin to exchange views on African developmental issues.

She is expected to interact with the German businesses co-hosted by the Deutsche Afrika-Stiftung and the Deutsche Industrie -und Handelskammer to discuss the current global financial and economic crisis.

Trade figures

In 2007, Germany was South Africa's second largest export market. Bilateral relations include trade and investment, science and technology, defence, culture, environment, tourism, sport, development co-operation as well as energy.

These are regulated through existing bilateral committees that meet regularly throughout the year at ministerial and official's levels.

Exports amounted to R45 billion in 2008 indicating a strong growth from previous years from R20 billion in 2004. On the other hand in 2007 Germany was South Africa's largest source of imports.

By 2008 imports amounted to R77 billion having grown from R44 billion in 2004.

Article published courtesy of BuaNews

Let's do Biz