The Department of Trade and Industry (dti) is leading a group of companies that will participate at the Algiers International Trade Fair that gets underway today in Algiers, in Algeria.
“The Algiers International Trade Fair is one of the most strategic platforms for foreign companies to reach Algerian buyers and consumers. The fair attracts exhibitors from the United States of America, France, Germany, Turkey and China, amongst others,” said the department.
Deputy Minister Bulelani Magwanishe said South Africa views the North African country as a strategic partner, hence the two countries established the Bi-National Commission in September 2000. The commission aims to advance trade and investment relations between the two countries.
South African companies that will participate in the six-day fair are from the agro-processing, capital equipment and mining, steel fabrication, eletrotechnical and chemicals sectors.
“The Algiers Fair is an appropriate forum for South Africans in the market-relevant sectors which have been selected for participation to promote their products and services, as well as to identify possible investment partnerships. Besides its huge purchasing power, Algeria is diversifying from the oil industry and has therefore identified trade and investment opportunities which South Africa can consider as part of its investment-led trade plan for the rest of the African continent,” said Deputy Minister Magwanishe.
He added that the trade fair will assist in strengthening the presence of South African goods and services in Algeria, which is also the gateway into the rest of the North African region.
“Algeria’s consistent political stability and economic growth positions the country as an important and strategic economy in the North Africa region. This gives South Africa an opportunity to continue to position itself and to explore economic opportunities in the North Africa region,” said Deputy Minister Magwanishe.
The fair will conclude on Sunday. - SAnews.gov.za
