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Johannesburg - Trade and Industry Minister Rob Davies is to
travel to Turkey to co-chair the second session of the Turkey-South Africa
Joint Economic Commission (JEC) meeting, which is aimed at promoting trade,
investment and economic cooperation between the two countries.
Minister Davies will be accompanied by delegation comprising
government officials and business executives. The delegation will participate
in the South Africa-Turkey Business Forum which will include break-away
sessions and business to business meetings with their Turkish counterparts, his
department said in a statement.
During Deputy President Kgalema Motlanthe's visit to Turkey
in 2010, and the subsequent visit by the Prime Minister of Turkey to SA, the
two countries agreed to facilitate increased closer collaboration between the
business communities of the two countries.
Currently economic relations between the two countries are
governed by the South Africa-Turkey JEC. The JEC was established in accordance
with Article 11 of the Trade and Economic Cooperation Agreement between South
Africa and Turkey. The 1st session of the SA-Turkey JEC took place in Pretoria
in 2008.
It is expected that at the end of the JEC meeting, a
communiqué will be signed which will outline the plan on further expanding
bilateral trade and economic cooperation between the two countries.
From Turkey Davies will travel to Saudi Arabia where he will
meet with his counterpart Dr Tawfeeq Al Rabeeah, the Minister of Commerce and
Industry and Khalid bin Mohammed Al-Gusaibi, Minister of Economy and Planning,
as well as other key private sector players.
Davies's visit to Saudi Arabia will, focus on the the status
of the bilateral trade between SA and Saudi Arabia including Foreign Direct
Investment and fast-tracking discussions towards the conclusion of the pending
Bilateral Investment Treaty and Trade Cooperation Agreements between the two
countries.
He will also discuss expediting the sitting of the Joint
Economic Cooperation between the two countries and engage with his counterpart
on various issues pertaining to trade and investments and engaging with
relevant stakeholders to identify critical areas of technical and institutional
support, among other issues.