Summary:
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The working visit to the Czech Republic and Lithuania for bilateral political consultations by Mr. Alvin Botes, the Deputy Minister of International Relations and Cooperation, has ended.
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The fifth South Africa-Czech Republic Joint Committee for Economic Cooperation (JCEC) will be held in 2023, and the two nations have agreed to strengthen their economic ties by increasing investment in labour-intensive industries, manufacturing, infrastructure, and other sectors that are prioritised by the government’s Economic Reconstruction & Recovery Plan (ERRP).The bilateral consultation increased research, technology, and innovation collaboration to advance economic development.
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The two nations’ bilateral trade is growing, and despite the COVID-19 epidemic, which upended global value chains, South Africa’s exports to the Czech Republic showed resilience in 2020 and 2021.
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2021 saw R21 billion in total trade between South Africa and the Czech Republic, ranking the Czech Republic as the 29th-largest export market worldwide.
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Despite the Covid19 pandemic, bilateral trade between South Africa and Lithuania has increased somewhat since 2015, rising from R1 billion in 2015 to R3 billion in 2021.To discuss investment potential in South Africa, the deputy minister also met with representatives of the Lithuanian business community.
The working visit to the Czech Republic and Lithuania for bilateral political consultations by Mr. Alvin Botes, the Deputy Minister of International Relations and Cooperation, has ended.
The Deputy Minister started his trip in Prague on October 10 and 11, 2022, where he met with Mr. Martin Tlapa, the Deputy Minister of Foreign Affairs in the Czech Republic.
The discussion at the gathering centred on global and regional problems of shared interest, such as the situation in Ukraine.
The fifth South Africa-Czech Republic Joint Committee for Economic Cooperation (JCEC) will be held in 2023, and the two nations have agreed to strengthen their economic ties by increasing investment in labour-intensive industries, manufacturing, infrastructure, and other sectors that are prioritised by the government’s Economic Reconstruction & Recovery Plan (ERRP).
The bilateral consultation increased research, technology, and innovation collaboration to advance economic development.
The two nations’ bilateral trade is growing, and despite the COVID-19 epidemic, which upended global value chains, South Africa’s exports to the Czech Republic showed resilience in 2020 and 2021. 2021 saw R21 billion in total trade between South Africa and the Czech Republic, ranking the Czech Republic as the 29th-largest export market worldwide.
The Vice Minister of Foreign Affairs, Dr. Mantas Adomenas, and the Vice Minister of Economy and Innovation, Ms. Egle Markeviciute, were both presents when the Deputy Minister wrapped up his trip in Vilnius, Lithuania. The sessions included bilateral, multilateral, political, economic, trade, digital transformation, and bilateral relationships in science and technology.
The two nations decided to broaden their areas of collaboration to include economic diplomacy with an emphasis on development cooperation and expanding trade investments in industries like health sciences, fintech, and energy for the benefit of both parties.
Despite the Covid19 pandemic, bilateral trade between South Africa and Lithuania has increased somewhat since 2015, rising from R1 billion in 2015 to R3 billion in 2021.
To discuss investment potential in South Africa, the deputy minister also met with representatives of the Lithuanian business community.
It is distributed by APO Group on behalf of the Republic of South Africa: Department of International Relations and Cooperation.
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Analysis by: Advocacy Unified Network
