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South Africa, Congo working to improve trade

Staff Writer |
South Africa and the Democratic Republic of Congo (DRC) have committed to remove hurdles that hinder the two countries in doing business, as there are opportunities in mining and manufacturing, SA News reported.

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The decision was made at the Investment and Trade Initiative (ITI) seminar organized by the Department of Trade and Industry (the dti) in Lubumbashi, DRC.

South African Consul General in Lubumbashi, Andrew Maswanganye, was quoted as saying it is important for both countries to work towards harmonizing the climate of doing business.

He also called on the two sides to come up with ideas on how to implement agreements that are already in place.

From the other side, the Minister of State Economy in the DRC Joseph Kapika said that the Congolese government's priority is to ensure that the One Stop Shop created for business registrations and investment facilitation has resources to fulfil its mandate for the country.

The Minister also appealed to South Africa to share its expertise, technological advancement and skills transfer in order to assist his country.

The objective of the ITI is to increase trade and deepen bilateral relations between South Africa and the DRC. Trade turnover between the two countries stood at $885 million at the end of 2016.

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