Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Denmark set to improve trade with SA
Denmark is expected to improve trade relations with South Africa following a meeting between the two countries’ trade ministers.

Department of Trade and Industry (dti) Minister Rob Davies held a meeting with Danish Minister of Trade and Development Cooperation, Mogens Jensen, on Monday in Cape Town.

Denmark is set to improve trade with South Africa by 50%.

Minister Jensen said that they see South Africa as a port to the rest of Africa with 27 000 Danish citizens visiting South Africa yearly.

Minister Jensen also said that they would like to have a direct flight connection to Denmark.

South Africa and Denmark’s bilateral trade and investment relations are governed by the European Union and South Africa, Trade, Development, and Cooperation Agreement.

Total trade between South Africa and Denmark have steadily been on the increase with total trade at R2.9 billion in 2009 having increased to R3.4 billion in 2011. In 2013, total trade increased to R4.8 billion.

“The total exports to Denmark from South Africa increased from R1 billion in 2009, R1.4 billion in 2011, with the exception of 2010(R917 million), 2012 (R1 billion) and 2013(R890 million). The decrease in total exports from South Africa to Denmark in 2012 and 2013 can be attributed to decline in external demand, due to slow recovery in the EU (28),” said Minister Davies.

The Ministers also discussed amongst others Bilateral Investment Treaties and the Tripartite Free Trade Area.

On the Tripartite Free Trade Area, Minister Davies said that the approach is developmental and has three pillars, namely Infrastructure Development, Industrial Development and Market Integration.

He further added that the Tripartite Free Trade Area will be launched next month. -

Possibly Related Threads...
Thread Author Replies Views Last Post
  SA, Russia talk trade newsroom 0 9,208 11-12-2015, 03:25 PM
Last Post: newsroom
  Japanese seminar to promote trade newsroom 0 7,829 09-22-2015, 11:31 AM
Last Post: newsroom
  SA, Cuba sign agreement to boost trade newsroom 0 4,853 09-26-2014, 11:30 AM
Last Post: newsroom
  SA fosters closer trade relations with Mozambique newsroom 0 4,862 08-29-2014, 03:55 PM
Last Post: newsroom
  SA companies in Mozambique for trade fair newsroom 0 5,224 08-25-2014, 11:50 AM
Last Post: newsroom
  Trade activity in negative territory in July newsroom 0 5,782 08-15-2014, 03:06 PM
Last Post: newsroom
  SA, Chile talk trade, mining newsroom 0 6,144 08-08-2014, 03:07 PM
Last Post: newsroom
  Slight increase in trade activity newsroom 0 4,964 07-15-2014, 02:20 PM
Last Post: newsroom
  Trade activity positive in March newsroom 0 5,150 04-21-2014, 10:01 AM
Last Post: newsroom
  Trade conditions improve in March newsroom 0 4,965 04-15-2014, 06:53 PM
Last Post: newsroom

Forum Jump:

Users browsing this thread: 1 Guest(s)