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UK Commits to Double Trade with SA
Source: Bua News
Source Date: Thursday, December 02, 2010
Focus: Institution and HR Management
Country: South Africa
Created: Dec 03, 2010

Britain is one of South Africa's major trading partners, while the former remains one of the top two largest foreign investors in South Africa. There are over 200 South African companies that have established a presence in the UK.


Total trade between the UK and South Africa increased by over 100 percent (173 percent) between 1998 and 2008, from R25.492 billion to R69.630 billion. 


Minister Bellingham also congratulated South Africa on its return to the United Nations Security Council after a short absence and with such an overwhelming vote in its favour.


He also expressed Britain’s firm commitment to closely collaborate with South Africa and to share views on matters of mutual concern.


Ebrahim expressed appreciation for the UK’s commitment to maintain International Development assistance at a level of 0.7 percent of Gross National Income (GNI), even in the harsh economic times.


Ebrahim’s meeting with Bellingham took place within the context of strengthening North-South relations and consolidating the African Agenda.


Bilateral relations between South Africa and the UK are strong across the board, covering fields as diverse as defence, trade liberalisation and development co-operation. - BuaNews

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