Economy

India, South Africa for early conclusion of Customs union agreement

Arun S. New Delhi | Updated on January 10, 2012 Published on January 09, 2012

India and South Africa have agreed to ensure an early conclusion of the India-SACU (Southern African Customs Union) Preferential Trade Agreement and the Bilateral Investment Promotion and Protection Agreement.

This followed a bilateral meeting that the Commerce, Industry and Textiles Minister, Mr Anand Sharma, had with the South African Minister of Trade and Industry, Dr Rob Davies, in Bloemfontein. 

Both the Ministers reviewed the bilateral commercial and economic relations and welcomed the fact that the bilateral trade had already crossed the target set in 2010, of $10 billion by 2012, during the last financial year itself. Both the countries have decided to continue visits by bilateral commercial delegations to further boost trade and investment. 

Mr Sharma, who is heading the Indian delegation to the Centenary celebrations of the African National Congress (ANC) in the South African city of Mangaung (Bloemfontein), called on Mr Jacob Zuma, the President of South Africa and the President of the ANC.

Mr Sharma handed over messages of felicitations on the occasion from the Prime Minister, Dr.Manmohan Singh, and President of the Indian National Congress, Ms Sonia Gandhi, an official statement said. 

Published on January 09, 2012
This article is closed for comments.
Please Email the Editor