Trade Deals signed between South Africa and Angola in the past five years

QUOTE

NATIONAL ASSEMBLY

FOR WRITTEN REPLY

QUESTION NO: 212 (NW229E) AS PUBLISHED IN IQP NO.1-2015 OF 12 FEB 2015

Hon Malema (EFF) to ask the Minister of International Relations and Cooperation:

(a) How many trade deals has South Africa signed with Angola in the past five years

(b) What is the total value of these deals and

(c) What has been the balance of trade trend since 2009 between the two countries?

REPLY:

a) South Africa has not signed trade deals with Angola. However, South Africa has signed trade facilitation agreements, namely the Air Service Agreement, Memorandum of Understanding on Trade Cooperation and a Memorandum of Understanding on Industry Cooperation.

b) There is no value attached to inter-state agreements as they are enabling legal instruments to promote economic cooperation between two countries.

c) Since 2009, there has been an increase in trade cooperation between South Africa and Angola. For example, the 2009-2012 two-way trade statistics show Angola as one of South Africa’s largest trading partners on the Continent. Angola is currently ranked 08th with R22, 5 billion of imports largely comprised of crude petroleum oils. In year 2013, the value of exports to Angola was R9, 7 billion, in the same year the value of imports from Angola was R18, 9 billion.

ANNEXURE B (Trade Relations)

Trade Relations

Year 2013 Imports from Angola Exports to Angola
South Africa-Angola R 18 920 567 824 R 9 700 093 870

Top 5 Main South African Imports from Angola 2013
Mineral Products R 18 690 671 254
Precious Metal R 198 777 866
Machinery R 21 510 552
Vehicles aircraft & vessels R 3 209 654
Photographic & medical equipment R 2 423 025

Top 5 Main South African Exports to Angola 2013
Prepared Foodstuffs R 1 531 008 861
Machinery R 1 506 643 800
Chemicals R 1 266 120 500
Vehicles aircraft & vessels R 1 160 728 404
Vegetables R 1 046 880 272

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