South Africa wishes to increase investment and trade cooperation between its and Algeria's state-owned companies, South African Foreign Minister Lindiwe Sisulu said on Wednesday.
MOSCOW (Pakistan Point News / Sputnik - 29th August, 2018) South Africa wishes to increase investment and trade cooperation between its and Algeria's state-owned companies, South African Foreign Minister Lindiwe Sisulu said on Wednesday.
Algerian Minister of Foreign Affairs Abdelkader Messahel is on an official visit to South Africa, which started Wednesday, at the invitation of Sisulu to discuss issues of bilateral cooperation between the two countries and reflect on the role Algeria and South Africa occupy within the African Union.
"In our discussions, we have also emphasised the need to pay particular focus on economic cooperation, encouraging further trade and investment and strategic cooperation between our State Owned Companies," Sisulu said, according to a transcript of the closing remarks after a meeting with Messahel, published by the South African Department of International Relations and Cooperation.
Sisulu stated that the cooperation between South Africa and Algeria covers other areas such as trade, defense and energy.
"We have thus noted with satisfaction the depth and extent of our cooperation as demonstrated by the existence of thirty-three bilateral agreements and memoranda of understanding which cover a wide range of fields such as trade and industry, diplomacy, defense, energy, arts and culture, sports, science and technology, agriculture, education and health," Sisulu said.
In a joint communique released after the meeting between Sisulu and Messahel, Sisulu was invited by her counterpart to make a working visit to Algeria, which the minister accepted.
