Data provided by iNet BFA
Loading...
See More

SA and Argentina trade grows

Nov 02 2012 17:35 Sapa

Related Articles

Mexico in WTO dispute against Argentina

Argentina shows Europe how it's done

Moody's downgrades YPF

Argentina nationalises oil firm YPF

World Bank slams Argentina oil grab

Rule breaker

 
Johannesburg - Since the enforcement of a binational agreement between the two countries, trade between South Africa and Argentina had grown significantly.

In 2011, South Africa's exports to Argentina totalled $205m, representing a 45% growth over 2010, the department of international relations said in a statement after the third meeting of the South Africa-Argentina Binational Commission in Pretoria on Friday.

During the same period, South Africa imported $1.08bn worth of goods from Argentina, showing a 23% growth.

Both delegations noted with appreciation the benefits of their bilateral relationship and reiterated their commitment to strengthening political and economic relations through continued co-operation in the various sectors.

They exchanged views on ways to address the negative impact of the vulture funds' activities on debt restructuring schemes and development strategies, particularly in Africa and Latin America.

On regional issues, they discussed the prevailing political, economic and security situation in their respective regions.

The two delegations expressed their commitment to the African agenda and reiterated the need to reform the multilateral institutions, including the United Nations Security Council and the Bretton Woods institutions to better represent the interests of developing countries.

South Africa and Argentina both sought to expand their value chains and increase employment, thus profiting from the economies of scale that enlarged markets offered.

They said bilateral relations were key to creating new trade and investment opportunities.

Both countries decided to look at the limitations that developing countries faced in the context of the current global economic situation and explored possibilities for financing development activities.
argentina  |  south africa  |  trade
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

Disregard of interest rate impact deplored

A Fin24 user protests what he sees as disregard of the broader impact of increased interest rates on those who cannot yet say "bring it on" with a smile.

 
 

Start saving...

No need to keep up with the Joneses
Where can you stash your cash?
Time the key for retirement saving
Dummy's guide to saving

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...