South African economic Ministers advance the position of the global South in BRICS trade discussions

first_imgNew Delhi, Friday 14 October 2016 – Ministers of Trade and Industry Dr Rob Davies and Small Business Development, Ms Lindiwe Zulu today wrap up their pre-BRICS Summit engagements in New Delhi, India.Download the media statementThe Ministers were attending the 6th meeting of the BRICS Trade Ministers that was held on 13 October, 2016 in New Delhi, India. The Trade Ministers meeting was preceded by the 13th meeting of the BRICS Contact Group on Economic and Trade Issues (CGETI) which was held from 11-12 October, 2016. The outcomes of the Trade Ministers meeting will be submitted to the 8th BRICS Summit to be held on 15-16 October, 2016 in Goa, India.Minister Rob Davies, speaking about the significance of these engagements, noted that the BRICS Trade Ministers meeting is taking place at a time when the global economy is faced with challenges that include key economic developments such as continued slowdown in global growth and depressed global demand, low commodity and oil prices and volatility in the equity and currency markets. Of concern is that global trade is recovering at a slower pace.Intra-BRICS exports have been growing on average at 2.8% per year since 2010. South Africa’s export basket continues to be dominated to a large extent by primary products and low-value added products.The BRICS countries present opportunities for cooperation in establishing intra-BRICS value chains and linkages among the economies. This will contribute to the industrial objectives of the BRICS countries.A welcome development has been an increase in intra-BRICS investment in key sectors of the South African economy. For example, South Africa has seen a large investment in the auto-sector by Beijing Automobile International Corporation (BAIC) which amounts to R11 billion. Minister Davies emphasised the need to increase mutually-beneficial projects among BRICS countries.Minister Davies emphasised that BRICS is an important grouping of developing economies that accounts for 22% of global GDP and 42% of the world population. It is therefore critical that BRICS countries bring an emerging market view in global discussions on trade so as to promote development-centred and inclusive growth.Furthermore, Minister Davies stressed the need for BRICS cooperation towards identification of complementarities, sharing of experiences and capacity building in a number of trade and investment related issues. He also welcomed the joint studies to inform cooperation in a number of policy areas which will assist to develop coordinated position in the multilateral fora.Minister Zulu emphasised the importance of BRICS countries cooperation on the development of Micro, Small and Medium Enterprises (MSMEs). In this regard cooperation should be targeted towards promoting supplier development and participation of MSMEs in the BRICS countries value-chains, exchange of best practices on MSME development. She further stressed the importance of MSME in job creation.On the sidelines of the BRICS Trade Ministers meetings, the Ministers held bilateral meetings with his counterparts to discuss trade and investment issues of mutual interests.Follow the conversation on #SAatBRICS2016Brand South Africa will be pleased to facilitate any requests for interviews.last_img read more


Groundspeak Weekly Newsletter – June 6, 2012

first_img SharePrint Related2012 Geocaching Block Party Invitation – PresentsJuly 19, 2012In “Community” Weekly Newsletter – International Geocaching DayJuly 25, 2012In “Groundspeak’s Weekly Newsletter”Geocaching Year in ReviewJanuary 4, 2013In “Française” celebrates International Geocaching Day on August 18 by inviting the world to our backyard in Seattle, Washington. We’re hosting the 2012 Geocaching Block Party. It’s our annual Mega-Event that offers Groundspeak Lackeys and Volunteer Reviewers a chance to mingle with you and trade geocaching stories. Last year, more than 2000 members of the international geocaching family traveled from around the globe to attend the Block Party. Join us this year!You’ll also experience geocaching hospitality. Challenge yourself with beginner, intermediate, and advanced geocaching courses. Entertain the kids with “pin the antenna on Signal” and design your own pirate hat. Explore the Seattle neighborhood where is based and win prizes with “Fremont Funventures.” There will also be a few surprises!Geocachers who attend the Geocaching Block Party can log HQ and receive the Block Party icon – all while swapping geocaching adventures. The Block Party might be just part of your visit. Local geocachers and organizations are also planning several geocaching events before and around the Geocaching Block Party, like the “Going APE…” Mega-Event.Log your Geocaching Block Party “Will Attend” now for August 18 from 11am to 3pm in Seattle. We’ll see you then!Share with your Friends:Morelast_img read more


Violence, protest disrupt Id, Sawan festivities in 2 U.P. cities

first_imgDespite the Uttar Pradesh police taking stringent measures to ensure peace on Id-ul-Zuha that fell on the last Monday of the Sawan month of Hindu calendar, two incidents of violence and protest were reported from Budaun and Agra in western Uttar Pradesh.In Budaun, stones were hurled at a kanwariya procession when it was crossing the Islamnagar area on Monday morning. Many kanwariyas were injured in the incident and admitted to a nearby hospital.Police sources said the kanwariyas were playing religious music on loudspeakers when the Muslim residents were preparing to offer the Id namaz. They objected to the music and it led to commotion and stone pelting. The kanwariyas fled the area but returned to protest and blocked the Bisuali Road.Tight security Senior officials of Budaun and Sambhal rushed to the spot and controlled the situation. “Extra police force has been deployed in the area to prevent any backlash,” said Superintendent of Police (rural) Surendra Singh. “An FIR has been lodged by the kanwariyas of nearby Siddhpur village against unknown people for rioting and hurting religious sentiments. We are investigating the charges and counter-charges levelled by both sides. No arrest has been made so far,” Mr. Singh said.In Agra, members of the Bajrang Dal protested against Muslims offering the Id namaz on road in the Khandauli area. A group of 70 Bajrang Dal members from Aligarh was returning from Ayodhya. They were stopped by the police in Khandauli as the residents were offering the namaz on the road. The members of the right-wing group protested and threatened to recite Hanuman Chalisa on the road. Zonal coordinator of Bajrang Dal Ram Kumar Arya said namaz was not allowed to be offered on road meant for public transport.Senior police officers rushed to the spot and ensured that the bus was allowed to pass through.last_img read more


Revenue Control Unit and Treasury Department Reopens

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 09 Sept 2015 – Almost two weeks after being shut down due mold and other sanitary reasons the Treasury Department and Revenue Control Unit has officially reopened as of 8am, today, Wednesday, September 9th.Persons can now return to the location at Town Centre Mall, Downtown, Providenciales to conduct government related transactions and business. Related Items:reopens, revenue control, treasury department Recommended for you A Pearl wins Graceway Supermarkets prize car Eliza Simons Primary reopens today Front Street Grand Turk re-openslast_img read more