The Department of Trade and Industry (dti) will lead a 20 company business delegation on the 10th investment and trade initiative to Russia from October 24 to 26.
The aim of the mission is to increase the volume of exports of agro-processing and clothing and textile products to the Russian market and build on established relationships.
Minister of Trade and Industry, Rob Davies, noted that the trade mission would also showcase South African value-added products and services while identifying new areas of collaboration in various sectors – particularly investment.
“The immediate opportunities for South African supplies will be in the increase of exports of fresh produce to Russia,” he said. “With already an established export base of over R3.4 billion per year for fresh fruits, especially citrus, there is a vast opportunity to expand to fresh vegetables through the existing export network.”
The trade initiative will include targeted business-to-business meetings, site visits and investment and export-related round-table discussions.
Additionally, Davies pointed out that there was an increasing demand for South African wines in Russia.
