Amidst tensions between Rwanda and South Africa over military presence in the DRC, South Africa and the DRC have announced the launch of a Chamber of Commerce, Crafts, and Services to foster bilateral trade and investment. The inaugural event, scheduled for February 8, aims to unlock economic potential, enhance trade, and promote sustainable growth in both nations.
South Africa and the DRC announced the first inauguration of the Chamber of Commerce, Crafts, and Services to boost bilateral trade and investmentAs tensions continue to soar between Rwanda and South Africa over their military presence in the Democratic Republic of Congo , both South Africa and DRC showed a united front by announcing their first inauguration of the Chamber of Commerce, Crafts, and Services to boost bilateral trade and investmentSpeaking to IOL on Monday, Sifa Tshiswaka,...
“Bilateral trade between DRC and RSA has been under-potentialised until this point, highlighted by the $1.33 billion trade deficit between the two nations. Among the Chamber's objectives, Tshiswaka mentioned that it seeks to provide a transparent, structured, and safe market entry process for investors into the DRC and enhance trade and investment in the region.
“The Chamber remains committed to fostering sustainable business growth that empowers communities, creates economic opportunities, and contributes to long-term peace-keeping efforts. By enhancing trade and investment between South Africa and the DRC, the Chamber seeks to support small and medium-sized enterprises in overcoming barriers to growth, leveraging the African Continental Free Trade Area to expand into broader markets,” she said.
TRADE INVESTMENT DRC SOUTH AFRICA ECONOMIC DEVELOPMENT
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