In furtherance of the commitments made by President Jacob Zuma of South Africa during his visit to Iran and the United Arab Emirates (UAE) last year, the Department of Trade and Industry (the dti) will lead a business delegation on an Outward Selling Mission (OSM) to both countries from 14-18 May 2017.
The visit further aims to expose South African companies to the opportunities in the Middle East market and to deepen bilateral trade and investment relations between these countries.
According to the Minister of Trade and Industry, Dr Rob Davies the OSM also aims to create more awareness of South African goods and services, as well as fostering further interactions and collaboration in these countries.
“The OSM will serve as an ideal opportunity for South African companies to look for export opportunities in Iran and United Arab Emirates in order to export value-added products, and services,” says Davies.
Sectors targeted for the mission are agro-processing, healthcare and pharmaceuticals, automotives and components, infrastructure, water treatment and desalination, chemicals, energy and aviation.
The programme for the OSM will include business seminars, business-to-business meetings and site visits.
Total trade between South Africa and Iran decreased from R27.5 billion in 2011 to R583 million in 2016 due to sanctions.
The UAE is South Africa’s largest export partner in the region. South Africa’s exports to UAE experienced an exponential increase from R8.6 billion in 2012 to R21.1 billion in 2016.