The Department of Trade, Industry and Competition (dtic) - in collaboration with the Western Cape’s trade promotion agency Wesgro – have taken to Zoom to host a virtual wine mission to South Korea.
The event, which is being held today, will showcase 10 wineries from the Western Cape region.
They will present their respective wines to an audience of 20 South Korean wine importers and distributors who will have an opportunity to taste the wines, which were shipped to South Korea ahead of the mission.
Total trade between the two countries has been growing steadily, and amounted to R34 billion in 2019, with the trade balance in South Africa’s favour.
Exports increased from R13.8 billion in 2015 to R21.6 billion in 2019, according to deputy minister of the dtic, Nomalungelo Gina. “However, we need to focus our efforts on diversifying the trade basket towards ensuring more value-added goods are exported going forward,” she said. – SAnews.gov.za
