the dti TO LEAD THE OUTWARD SELLING AND INVESTMENT MISSION TO INDONESIA

the dti  TO LEAD THE  OUTWARD SELLING AND INVESTMENT MISSION  TO INDONESIA

The Department of Trade and Industry (the dti) will lead a delegation of South African businesspeople on an Outward Selling and Investment Mission (OSIM) to Makassar and Jakarta in Indonesia from 28 September to 2 October 2015.

The mission is part of the dti’s objective to create and identify export markets for South African value-added products and services. The mission also serves to promote South Africa’s product and service offerings in high growth Asian markets.

The Deputy Minister of Trade and Industry, Mr Mzwandile Masina says the mission will serve as a platform to facilitate networking and obtaining of more information on the dynamics of the industries, as well as availability of investment opportunities in Indonesia. He says it will also provide opportunities for relationship building with potential customers.

“There is significant room for South Africa to increase its share of the export market to Indonesia, and achieve an increased number of exports to that country,” he says.

According to Masina, in order for South Africa to leverage on global growth for the development of the economy, the establishment of collaborative agreements with existing trading partners and dynamic fast growing emerging markets is of utmost importance in all areas of trade.

Indonesia and South Africa enjoyed a steady annual increase in trade during the last 10 years. South African exports to Indonesia totalled R4 billion in 2014 with a contracted 17% from 2013. Imports from Indonesia rose from R8.4 billion in 2013 to over R9.1 billion in 2014. South Africa has always been a net importer of goods from Indonesia and this has led to the trade balance to be in Indonesia’s favour over the past decade.

Sectors targeted for the mission are agro-processing, maritime industries, renewable energy (solar and wind energy), oil and gas services, defence industries, and rail and locomotive components.

The programme for the OSIM will include trade and investment seminars, mini -exhibitions, site visits and business-to-business meetings.