Maputo to host 12th US-Africa Business Summit in 2019
A group of 20 South African companies will exhibit their products and services in the 53rd edition of the Maputo International Trade Fair, commonly known as FACIM which is taking place in Mozambique from 27 August-3 September 2017. FACIM is an international multi-sectoral trade fair held annually to showcase Mozambique as an attractive destination for trade and investment.
The participation of the SA companies in the popular exhibition has been made possible by the Department of Trade and Industry (the dti) through its Export Marketing and Investment Assistance (EMIA) scheme with the aim of increasing exports of South African manufactured products to Mozambique. The objective of the scheme is to develop export markets for South African products and services and to recruit new foreign direct investment into the country.
According to the Minister of Trade and Industry, Dr Rob Davies, FACIM will expose South African companies to trade and investment opportunities available in Mozambique and other countries participating in the exhibition.
The popularity and reputation of the trade fair have grown significantly over the past years. The number of foreign companies that participated in the fair increased from 470 in 2011 to 700 in 2016, while Mozambican companies increased from 1 000 to 3 200 in the same period. while 33 countries participated in the trade fair last year as compared to 17 countries in 2011. More than 90 000 visitors passed through the fair’s turnstiles last year compared to 60 000 in 2011.
“The DTI is striving to facilitate economic development through promoting outward investment, intra-Africa trade, regional industrialisation and infrastructure development within the Southern African Development Community (SADC) region and the rest of Africa. FACIM will be a good platform to promote South African manufactured products in the Mozambican market and beyond,” says Minister Davies.
He adds that one of the dti’s strategic goals is to grow the South African manufacturing sector in order to promote industrial development, job creation, investment and exports.
“In order to achieve this objective, the department embarks on international missions and participate in targeted international trade exhibitions in order to promote exports of South African value-added goods and services to increase market share in markets in various regions of the world. This will enable South African businesses to access global markets which will lead to them increasing their production, thereby growing the SA economy and creating employment,” says Minister Davies.
Mozambique is South Africa’s third largest trade partner in the Southern African Development Community (SADC) region after Botswana and Namibia. Trade between the two countries increased from R29 billion in 2012 to R43 billion in 2016.