It will also showcase products and services in Russia and South African markets.

“There is enormous potential for Russia and South Africa to grow our business links – from aerospace and agriculture to energy.  Not to mention sharing experiences of hosting the World Cup,” Acting Deputy Director General of the Department of Trade and Industry, Riaan Le Roux, said.

South Africa’s inclusion into the BRICS group of countries was welcomed by Russian President Dmitry Medvedev at the World Economic Forum in Davos last month.

“By 2020, the BRIC countries are expected to contribute nearly half of all global GDP growth. I am delighted that South Africa is now a part of this winning team,” said Le Roux.

Total trade turnover between South Africa and Russian Federation in 2009 increased by 6.42 percent from US$ 484.02 million to $517.21 million.

In 2009, the import of Russian goods into South Africa increased by $155.69 million, compared to the same period of 2008, from $40.28 million to $195.97 million. -