South Africa and neighbouring countries need to prioritise inter-African trade to be competitively placed for the halal market.
This was the overarching message from the Trade and Investment KwaZulu-Natal and the World Halal Day Conference, bringing together entrepreneurs and investors from all over the world.
There are numerous benefits to be accrued from increasing intra-Africa trade, one of them being the growth of the economy and jobs created through strengthening relationships, a key driver to poverty reduction. Also, when African countries trade with , they exchange more manufactured and processed goods, have more knowledge transfer and create more value.
Kamalova said Tatarstan, which recently hosted the Kazna Summit, was eager to create more opportunities to trade with South Africa. Despite recent political issues, there are huge opportunities for trade between the two countries that would benefit investors. Ekaterina Kamalova, Tatarstan Investment Development Agency Economic Trade Organisation: India director Wali Kashvi said the halal sector offered possibilities and opportunities for the youth and SMEs to trade.
Webber said countries such as Ghana represent many great opportunities that can be explored to help drive economic growth for the province.
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