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President Jacob Zuma. File photo: Bongiwe Mchunu
Johannesburg - Trade and economics will be on the agenda as President Jacob Zuma heads to the European Union for a summit, the international relations department said on Monday.
Zuma would be leading the South African delegation to the 5th SA-EU summit from Tuesday in Brussels, Belgium, as part of an existing agreement on trade, development and co-operation (the TDCA).
“This year's summit takes place against the backdrop of another milestone between the two regions Ä the full implementation of the TDCA,” the department said in a statement.
Full implementation included all obligations for the SA-EU Free Trade Area.
The summit would discuss economic partnerships, climate change, security issues in Africa, and the Middle East.
“The EU is very important to South Africa. It remains South Africa's largest trading partner, largest investor, and largest donor of development assistance.”
The department said South Africa exported R152 billion in goods to the EU and imported R233 million, leaving South Africa with a trade deficit of R71 billion.
The EU also accounted for 77 percent of the nation's foreign direct investment.
Zuma would be accompanied by International Relations Minister Maite Nkoana-Mashabane, Trade and Industry Minister Rob Davies, Science and Technology Minister Naledi Pandor, Energy Minister Dipuo Peters, Finance Minister Pravin Gordhan, and Deputy Defence Minister Thabang Makwetla. - Sapa
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