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ZUMA urges business communities

 

 

 

South African President Jacob Zuma has called on the business community in Zambia and his country to take advantage of the historical ties to improve trade and investment.

 

Mr. Zuma has further called on business players in the two countries to work together and ensure they derive benefits from the vast natural resources in the two countries.

 

The South African President has observed that notable strides have been made in strengthening existing ties as evidenced by the signing of the Joint Permanent Commission and launch of a joint trade and investments committee between the two countries.

 

Mr. Zuma also says his country is committed to promoting intra Africa trade which is being promoted by InvesAfrica, a department under the Ministry of Trade in that country.

 

He was speaking when he gave a key note speech during the Zambia-South Africa business forum in Lusaka.

 

The business forum was held under the theme “Zambia-South Africa increased trade and investment cooperation.”

 

And President Edgar Lungu said bilateral relations between the two countries have grown as evidenced with the trade levels in excess of 3.8 billion U.S dollars.

 

President Lungu noted that South Africa has also continued to explore investment opportunies in the agriculture and agro processing sectors.

 

He said the two countries can further expand business opportunities for local companies through the opening up of new markets.

 

The Head of State has however emphasised the need to remove unnecessary barriers and make exports of goods from both sides easier.

 

Meanwhile, Commerce, Trade and Industry Minister Margaret Mwanakatwe said the platform provides an opportunity for business players in the two countries to share ideas and information on investment opportunities and trade.

 

And her South African counterpart Rob Davies said Zambia is South Africa’s second largest investment destination from Nigeria across the globe.

 

 

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