By – SAnews.gov.za
Pretoria- The Department of Trade and Industry (dti) will on Monday lead a delegation on an Outward Selling and Investment Mission (OSIM) to Senegal.
The objective of the OSIM is to increase the bilateral trade and investment between South Africa and Senegal. This mission will also afford South African companies the opportunity to interface with their Senegalese counterparts to forge partnerships and joint-ventures.
The 23- member delegation will show off their products and services at Africa’s west coast country from 21 to 23 March.
According to the Minister of Trade and Industry Rob Davies, strengthening and formalising trade and investment links with Senegal is critical in that it systematically contributes to the economic revival and development of both South Africa and Senegal.
“The maiden mission to Senegal comes as an intervention strategy to increase and strengthen South Africa’s trade and investment relation with Senegal. It is also in line with the dti’s objective of supporting the development of the continent and promoting Intra-Africa Trade,” said the Minister.
Several bilateral consultations to explore mechanisms to address issues around the increase of trade and investment flows have taken place between South Africa and Senegal.
“The visit would afford South Africa and Senegal the opportunity to identify trade impediments which can be escalated at a bilateral level,” said Minister Davies.
Agro-processing and agriculture, infrastructure, built environment professionals and chemicals are the target sectors for the mission.
Planned activities during the OSIM include trade and investment seminars, business to business meetings and site visits.