ENA Global 2025-04-25 15:11:29 <p><span style="font-size:14px"><strong>New Delhi, April 25 (KNN)</strong> A nine-member Indian delegation participated in the Joint Working Group on Trade and Investment (JWGTI) meeting with their South African counterparts in Pretoria on April 22 23, 2025.</span></p> <p><span style="font-size:14px">The Joint Technical Committee (JTC) was co-chaired by Malose Letsoalo, Chief Director, Bilateral Trade Relations, Department of Trade, Industry and Competition, Republic of South Africa, and Priya Nair, Economic Adviser, India's Department of Commerce. </span></p> <p><span style="font-size:14px">The discussion focused on key sectors such as pharmaceuticals, healthcare, agriculture, MSMEs, and jewelry manufacturing.</span></p> <p><span style="font-size:14px">Key discussion points encompassed the revival of the CEO Forum, investment cooperation, and market access for agricultural products; recognition of Indian Pharmacopoeia; the Local Currency Settlement System; fast payment systems/Unified Payment Linkage system; and deliberations on the India Southern African Customs Union (SACU) Preferential Trade Agreement&mdash;all aimed at further strengthening economic ties.</span></p> <p><span style="font-size:14px">South Africa currently stands as India's largest trading partner in the African region, with bilateral trade reaching USD 19.25 billion in 2023-24. </span></p> <p><span style="font-size:14px">Indian businesses have invested over USD 1.3 billion in South Africa from April 2000 to September 2024, spanning diverse sectors including pharmaceuticals, information technology, automotive, banking, and mining.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41859 https://knnindia.co.in/news/newsdetails/global/india-south-africa-to-strengthen-trade-ties-revive-ceo-forum 2025-04-25 15:11:29 knnindia.co.in