S.Africa & Sudan to address trade imbalances - CNBC Africa

S.Africa & Sudan to address trade imbalances

Southern Africa

by Trust Matsilele 0

S.Africa's Jacob Zuma with Sudan's Omar al-Bashir have agreed to address trade imbalance between two countries. PHOTOS: GCIS

This resolution follows President Jacob Zuma’s visit to Sudan after the invitation of that country’s president Omar al-Bashir.

(READ MORE: Sudan’s huge debt impacts on external financing)

“The two leaders noted the trade imbalance between the two countries and reaffirmed their commitment to reinforce economic relations by means of encouraging private and public enterprises to further involve themselves in the building of,” read a statement from the Presidency.

Zuma said he had noted with great satisfaction the growing cooperation between the two countries as evidenced by the existence of sixteen bilateral agreements in a number of fields including trade, agriculture, defence, policing, arts and culture, social development, scientific cooperation, to mention but a few.

“We have noted with appreciation the growing presence of the South African companies doing business in this beautiful country. We believe that their presence does make a contribution to the economic development of the Sudan,” he said.

He also agreed with al-Bashir to encourage more public and private sector companies to make joint ventures for the mutual benefit of the two countries.

Sudan’s president has been facing international isolation following a warrant of arrest by the Netherlands-based International Criminals Court for alleged crimes against humanity.

The two heads of state stressed the importance of the role of Sub-Regional African organisations for economic integration, peace, security and stability of the continent.

(READ MORE: CNPC, S.Sudan in MOU to boost oil production)

Zuma and al-Bashir reaffirmed their support to the African Union and the United Nations as important institutions of consultation for the maintenance of regional and international security.

According to the Presidency, the two heads of state highlighted the development agenda beyond 2015 and the need for all member states to harmonize their efforts for a more equitable and fair world.

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