![\"Yukio](\"http:\/\/www.thebizsense.com\/za\/files\/2012\/05\/Japan-Edano.jpg\" "\\"Yukio")
<\/a>Yukio Edano<\/p><\/div>\n
Pretoria – Trade and Industry Minister Rob Davies is in Japan on an official visit to promote trade and investment ties between the two countries.<\/p>\n
Davies is scheduled to meet his Japanese counterpart, Yukio Edano, who will discuss how to further strengthen bilateral trade and investment relations between the two countries.<\/p>\n
Davies will also meet various industry stakeholders including Nissan, Isuzu, Toyota, and the Japanese Business Federation, Keidanren, as well as deliver a keynote address at the SADC\/Mainichi Forum – aimed at promoting opportunities in the region.<\/p>\n
Davies said bilateral trade between the two countries has increased slightly between 2007 and 2011, growing from R87 billion to R90 billion respectively.<\/p>\n
Japan has been a major investor in South Africa for more than a decade.<\/p>\n
“To date, the number of Japanese companies that have invested in South Africa have increased to approximately 108 in 2012. In 2011, South Africa managed to attract investments worth $312 million from Toyota and Kansai Paint,” said Davies.<\/p>\n
A recent investment from Japan was by the Hong Kong based Asian Mineral Ltd, which owns 49% of the Kudumane manganese mine in the Northern Cape. The mine is expected to employ approximately 300 people.<\/p>\n
Trade between the two countries is on the rise, with South Africa enjoying a surplus for the past five years.<\/p>\n
“Total trade once reached the high of R106 billion in 2008 prior the global crisis of 2009, but subsequently declined by 43% to R60 billion.<\/p>\n
“Between 2010 and 2011, South Africa’s exports experienced an average increase of 16% as compared to imports, which saw an average increase of 10% during the same period,” said Davies. – BuaNews<\/p>\n","protected":false},"excerpt":{"rendered":"
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