Minister Nkoana-Mashabane co-chairs SA-Russia intergovernmental committee
      
International Relations and Cooperation Minister Maite Nkoana Mashabane will co-chair the 10th Session of South Africa-Russia Intergovernmental Committee on Trade and Economic Cooperation (ITEC) with the Minister for Natural Resources of the Russian Federation, Mr Yuri Trutnev, at the Department of International Relations and Cooperation in Pretoria, from 28-29 September 2011.

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 10th Session of ITEC takes place within the context of strengthening North–South Dialogue and against the backdrop of solid relations between the two countries.

ITEC consists of ten technical Joint Sub-Committees led by the relevant line function departments as follows:

  • Justice
  • Trade, Investment and Banking;
  • Minerals Resources ;
  • Energy;
  • Transport – Aviation and Maritime;
  • Education;
  • Agriculture and Forestry;
  • Water Affairs;  and
  • Science and Technology,
  • South Africa –Russia Business Council.

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 tends to be the engine room for the generation of new bilateral agreements and for reviewing and bolstering implementation of those agreements.

BACKGROUND ON ITEC

Since the signing of ITEC in 1993, ITEC has proven to be an effective instrument that has directly contributed to improved two-way trade and investment, as well as critical skills and technology transfers. ITEC has also given practical substance to the political commitment on the part of the two countries to work together, as expressed in the Treaty of Friendship and Partnership signed during President Putin’s visit to South Africa in September 2006. It is envisaged that the 10th session of ITEC will not only address current issues in the evolving bilateral relationship, but that it will also afford an opportunity to identify and map key areas that would require attention in the year ahead.

TRADE BETWEEN SOUTH AFRICA AND RUSSIAN FEDERATION
January - December 2009-2010

 

Jan-Dec 2009
billion in Rand

Jan-Dec 2010
billion in Rand

Export from South Africa to the Russian Federation

1,507,214

2,051,304

Import from the Russian Federation into South Africa

3,629,970

771,510

TOTAL trade turnover:

2,122,756

1,279,974

For further information please contact Mr. Clayson Monyela, spokesperson for DIRCO, on 082 884 5974

Issued by the Department of International Relations and Cooperation
Private Bag X152
Pretoria, 0001

27 September 2011

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