South Africa Set to Trade with Pakistan to $2 Billion Mark
Methuthuzeli Madikiza, the High Commissioner of South Africa in Rawalpindi, stated that South Africa views Pakistan as an important market for economic cooperation and is eager to expand bilateral trade further because the two nations have great potential in many fields.
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During a visit to the Rawalpindi Chamber of Commerce and Industry, the envoy stated these thoughts (RCCI). The ambassador stated that the commercial ties between the chambers of commerce and the private sectors of both nations must be enhanced.
The High Commissioner stated that bilateral trade is less than one billion dollars and could reach two billion dollars in the next years.
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The president of the RCCI, Nadeem Rauf, informed the high commissioner on the chamber’s existing activities and future plans. To increase trade with South Africa, he advised sharing and exchanging trade-related information at the delegation level.
He concluded that joint ventures can also be formed in the domains of information technology and construction, as well as pharmaceuticals, marble, engineering, poultry, and textiles.
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