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South Africa

Rob Davies arrives in France for World Trade Organisation gathering

───   17:24 Wed, 22 May 2019

Rob Davies arrives in France for World Trade Organisation gathering | News Article
Minister Rob Davies/Gallo

Minister of Trade and Industry, Rob Davies has arrived in Paris, France to attend an informal gathering of World Trade Organisation (WTO) ministers.


Davies said that the informal gathering of WTO ministers is to exchange views and ideas on possible outcomes for the 12th WTO Ministerial Conference (MC12) that will take place In June 2020 in Kazakhstan.

"Our view is that the reform of the WTO should fundamentally be about reform for development and inclusivity," Davies said in a statement.

"special and differential treatment (SDT) is a fundamental right of developing countries and should be fully implemented in the context of these negotiations to ensure that developing countries can use such flexibilities to support the development of their fisheries sectors in line with Sustainable Development Goal 14.6."

The gathering is set to take place on Thursday on the side-lines of the Organisation for Economic Co-operation and Development (OECD) Ministerial Council Meeting scheduled for 22 and 23 May 2019. 

Meanwhile on Wednesday, Davies addressed a meeting of France-South Africa Business Council. According to Davies, France is the 13th largest foreign investor in South Africa. 

"A total of 28 companies from FRANCE invested in South Africa between January 2013 and September 2018 representing a total capital investment of R15,848.57 billion during this period.  A total of 32 FDI projects were recorded during this period with an average investment of R495.03 billion per project which created a total of 4209 jobs," said Davies.

Davies said South Africa’s import basket from France is dominated by machinery and mechanical appliances, boilers, aircrafts such as helicopters and aeroplanes, pharmaceuticals, electrical machinery as well as motor vehicles for the transport of people.

He said that South Africa’s export basket is dominated by motor vehicles, mineral fuels, as well as parts and components for the aerospace sector. Other exports include food and beverages.


ANA

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