ADVERTISEMENT

South Africa Signs Three-Year Cooperation Agreement With India

South Africa Signs Three-Year Cooperation Agreement With India

(Bloomberg) -- South African President Cyril Ramaphosa said that after meeting with Indian Prime Minister Narendra Modi the two countries had entered into a three-year cooperation agreement.

“While trade has increased significantly over the last few years, and India is currently our second-largest trading partner in Asia, there are a number of areas of future cooperation,” Ramaphosa said in an emailed statement on Friday. “These include agro-processed goods, defense procurement, mining equipment and technology and cooperation in the financial services sector.”

To contact the reporter on this story: Renee Bonorchis in Johannesburg at rbonorchis@bloomberg.net

To contact the editors responsible for this story: Alastair Reed at areed12@bloomberg.net, Helen Nyambura

©2019 Bloomberg L.P.