PRETORIA, The South African Department of Trade and Industry (dti) will host a trade and investment symposium here next week at which South African companies will be able to strengthen relations with their Chinese counterparts.

The symposium is another platform to strengthen bilateral trade relations with China. It will provide business people from both countries with the opportunity for dialogue, business opportunities and sharing of ideas and information, Trade and Industry Minister Rob Davies said here Thursday.

The symposium, which will be attended by a business delegation from China’s Zhejiang Province under the China Council for the Promotion of International Trade (CCPIT), will be held on Monday.

Davies said the main objective of the symposium is to bring together South African companies and their counterparts from China, with the aim of establishing long-lasting and mutually beneficial trade and investment relations.

The Zhejiang China Council for the Promotion of International Trade (CCPIT) is a provincial civil economic and trade organisation composed of representatives, enterprises and institutions in the Zhejiang economic circle.

Part of the CCPIT’s function is to promote foreign trade, investment or economic activities, run directly affiliated enterprises well, boost economic power, improve service, better serve member enterprises and contribute to Zhejiang’s economy.

Similarly, the mandate of Investment South Africa (InvestSA) within the dti is to increase the quality and quantity of foreign and domestic direct investment into South Africa, by marketing and promoting investment into key high yielding sectors of the South African economy.

Source: NAM NEWS NETWORK