AGRICULTURAL NEWS - In order to promote mutual trade and investment opportunities in the fresh fruit sectors between South Africa and Italy, Fruit South Africa and the Associazione Italiana Commercio Estero (AICE), a non-profit entrepreneurial association, established in Milan, have signed a Memorandum of Understanding (MoU).
AICE has over 70 years' experience working to promote business relations between Italy and the rest of the world. It represents Italian companies that are predominantly committed to commercial activities abroad such as trading, export, import, countertrade, buying-offices, export management as well as services activities related to small and medium enterprises.
More than 50% of all agricultural exports from South Africa is fresh fruit and major export destinations include the EU, UK, Far East, Russia, Middle East, USA/Canada.
More than 50% of all agricultural exports from South Africa is fresh fruit and major export destinations include the EU, UK, Far East, Russia, Middle East, USA/Canada.
The fruit industry contributes significantly to the South African economy with an annual turnover of more than R30 billion composed of exports, national (local) sales of fresh produce, fruit supplied for processing and fruit supplied for drying.
MoU and areas of cooperation
The scope of the MoU includes the exchange of information on general economic status, trade policies and regulation, legislative changes of respective countries to promote and strengthen bilateral trade, technological and industrial cooperation between Italy and South Africa in the fresh fruit sector.
MoU and areas of cooperation
The scope of the MoU includes the exchange of information on general economic status, trade policies and regulation, legislative changes of respective countries to promote and strengthen bilateral trade, technological and industrial cooperation between Italy and South Africa in the fresh fruit sector.
Other areas of cooperation will involve the parties informing each other of all activities that have the potential to further promote trade and investment opportunities between the two countries in the fruit sector; promoting bilateral trade and economic relations as well as encourage, mobilise and assist in the development of mutually beneficial joint ventures and investment opportunities between business people of the respective countries and organisations.
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