British Minister for Africa, Henry Bellingham, set an objective to double trade volumes and strengthen commercial ties between South Africa and the UK by 2015.
Bellingham announced the actual commitment during bilateral discussions with International Relations and Cooperation Deputy Minister, Ebrahim I Ebrahim, last Wednesday in Pretoria.
The trade goal had been set by President Jacob Zuma during his state trip to the UK in March earlier in the year.
Great britain is just one of South Africa’s major trading partners, whilst the United Kingdom remains one of the primary two most significant foreign investors in South Africa. There exist in excess of 200 South African companies that have already established a local presence in the UNited Kingdom.
Total trade between the UK and South Africa increased by 173 percent between 1998 and 2008, from R25.492 billion to R69.630 billion.
Minister Bellingham also congratulated South Africa on its return to the United Nations Security Council following a short absence together with such an overwhelming vote in its favour.
Ebrahim expressed appreciation for the UK’s commitment to maintaining International Development support at a level of 0.7 percent of Gross National Income (GNI), even during the tough economic times.
Ebrahim’s meeting with Bellingham were held within the context of fortifying North-South relations as well as consolidating the African Agenda.
Bilateral relations between South Africa and the UK are generally strong across the board, covering fields as diverse as defence, trade liberalisation and development co-operation.
Sourced – BuaNews, mirror.co.uk