Bilateral Trade Between South Africa, India Reaches $11.15B In 2014

Written by Staff

Mar 15, 2015

The bilateral trade between India and South Africa is estimated at $11.15 billion in 2013-14, Agriculture Minister Radha Mohan Singh said.

South African Agriculture Minister Senzeni Zokwana today called on Singh and discussed about the trade prospects between the two countries.

Singh also requested Zokwana to increase the import of grapes, wheat, sugar and cotton from India which South Africa imports from the other countries of the world, according to an official statement.

Singh also informed Zokwana that bilateral trade between India and South Africa, estimated at $11.15 billion in financial year 2013-14, was a remarkable development amidst economic turmoil and global recession especially in the European Union and United States, the statement added.

Emphasising on the India and Southern African Customs Union (SACU) Preferential Trade Agreement, the Indian Agriculture Minister said, “we together could secure our economic progress against fluctuations in the western countries by early finalisation of the SACU preferential trade agreement.