Minister Nkoana-Mashabane to undertake a Working Visit to Russia
International Relations and Cooperation Minister Maite Nkoana-Mashabane will travel to Moscow, the Russian Federation, to co-chair the 11th Session of South Africa-Russia Joint Intergovernmental Committee on Trade and Economic Cooperation (ITEC) with the Minister for Natural Resources and Environment of the Russian Federation, Mr Sergey Donskoi, scheduled for 12-13 November 2012.
The 11th ITEC will be preceded by a bilateral meeting hosted by Mr Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation. The bilateral meeting will present an opportunity to discuss bilateral and multilateral cooperation between South Africa and Russia as well as issues on the global agenda.
The ITEC is a bilateral cooperation mechanism between South Africa and the Russian Federation, which meets annually to consider technical co-operation between the two countries.
The 11th Session of ITEC takes place within the context of strengthening North-South Dialogue and against the backdrop of solid relations between the two countries with particularly deep and extensive cooperation in the fields of education and skills development; energy; minerals; transport; agriculture, fisheries, water resources, justice; and science and technology .
South Africa regards the Russian Federation as a strategic partner and close bilateral and multilateral ties exist between the two countries. While there is currently no structured mechanism for political dialogue between South Africa and Russia, ITEC serves as the mechanism for broadening and deepening economic and trade ties. ITEC serves as the engine room for the generation of new bilateral agreements and for reviewing and bolstering implementation of those agreements.
South Africa-Russia Trade Statistics (2007-2011) (Source: SARS, 2012)
SOUTH AFRICA –RUSSIA TRADE STATISTICS, 2007-2011 in R’000
2007
2008
2009
2010
2011
Exports
1,060,380,838
1,986,973,716
1,501,515,214
2,072,616,393
2,232,153,055
Imports
3,973,105,069
2,547,761,353
3,613,313,513
770,237,085
1,312,401,025
Total Trade
5,033,485,907
4,534,735,069
5,114,828,727
2,842,853,478
3,544,554,080
Trade balance
-2,912,724,231
560,787,637
-2,111,798,299
1,302,379,308
919,752,030
For further information, please contact Mr Clayson Monyela, Spokesperson for DIRCO, on +27 82 884 5974
Issued by the Department of International Relations and Cooperation
OR Tambo Building 460 Soutpansberg Road Rietondale Pretoria
