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Zuma attends SA-EU summit.

BRE[pounds sterling]KSEL (CyHAN)- South Africa President Jacob Zuma is leading the countries delegation for the 5th South Africa-European Union (SA-EU) Summit, which begins in the Belgian capital, Brussels, later on Tuesday.

President Zuma is set to deliver the keynote speech and address at the SA-EU Science and Technology Cooperation seminar, which aims at commemorating 15 years of corporation between South Africa and the EU in the field of science and technology.

According to the Department of International Relations and Cooperation (DIRCO), the Summit will build on the positive aspects and progress of the partnerships between South Africa and the Eurozone.

"The EU is very important to South Africa. It remains South Africa's largest trading partner, largest investor and largest donor of development assistance," said DIRCO in a statement.

DIRCO added that this week's Summit will also follow up on the progress made since the last set of meetings and discussion were held in South Africa last year.

The South African foreign ministry says that the upcoming discussions will include: "the implementation of the SA-EU strategic partnerships; the on-going negotiations on SADC-EU Economic Partnership Agreements (EPAs); the upcoming climate change conference COP18; assessment of the Rio+20 Conference held in Brazil in June; and peace and security issues in Africa and the Middle East and the G20."

The SA-EU Summit was opened by the first SA-EU Business Forum meeting in Brussels, with

Trade and Industry Minister Rob Davies and EU Trade Commissioner, Karel De Gucht, scheduled to jointly address the forum.

Inter-trade between South Africa and the EU has grown over the years. Business with the EU is done as single bloc of customs, tariffs and duties territory -- making it the country's largest trading partner.

Trade statistics suggests that the Eurozone accounts for 26% of the value of South Africa's trade flows. In 2011 South African exported goods worth US$ 18.42 million to the EU, whilst importing goods worth US$ 27 million.

CyHAN

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Publication:Cihan News Agency (CNA)
Geographic Code:6SOUT
Date:Sep 18, 2012
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