JOHANNESBURG – South African trade takes centre stage at the inaugural BRICS Trade Fair in New Delhi from today (Wednesday).
Brand South Africa said as many as 33 South African companies will showcase their value proposition to business people and investors from the Brics bloc ahead of the annual Summit of leaders from Brazil, Russia, India, China and South Africa scheduled for 15 to16 October 2016 in Goa.
The summit will be held under the theme “Building Responsive, Inclusive and Collective Solutions.”
Companies from KwaZulu Natal, Gauteng, Western Cape and Eastern Cape have been chosen, based on their applications to participate in this programme through the Export, Marketing, and Investment Assistance Scheme of the Department of Trade.
Deputy director general of Trade and Investment South Africa Pumla Ncapayi, briefing South African business representatives ahead of the Trade Fair on Tuesday, said: “The Brics formation aims to offer an alternative to the commonly accepted global political and economic architecture”.
“Strengthening inter-Brics trade and economic relations will be an important enabler of this alternative narrative. Furthermore the Brics Business Council Working Groups will also convene ahead of the summit,” said Ncapayi.
Brand South Africa said sectors which will be represented at the Trade Fair are aligned to South Africa’s Industrial Policy Action Plan (Ipap), which includes manufacturing, agro-processing, energy security, mining and capital equipment and technology.
The Brics Trade Fair opens today and runs to Friday 14 October 2016.
