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newsroom 09-22-2015 11:31 AM

Japanese seminar to promote trade
 
The third Japan seminar in Johannesburg, on Tuesday, is aimed at promoting trade relations between South Africa and Japan.

Deputy President Cyril Ramaphosa is expected to address the seminar, which will bring together South Africans, the Japanese business communities and public entities.

The seminar is organised jointly by the Japan External Trade Organisation (JETRO), the Japanese embassy in South Africa and the Japanese Chamber of Commerce and Industry in South Africa.

Last month, Deputy President Ramaphosa visited Japan as part of his official visit and as part of efforts to reassure Japanese investors that South Africa is open for business and investment.

Since the establishment of diplomatic ties between the two countries in 1992, South Africa has seen an increase in Japanese investments.

Japan is currently featured as South Africa’s third largest trading partner in the world with total trade amounting to approximately USD 8 billion in 2014.

During the same period, Japan became the second largest export partner and third largest import partner on the Asian continent.

Currently, there are 280 Japanese companies operating in South Africa and 13 South African companies in Japan. - SAnews.gov.za


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