TRADE: Cape Town In Talks With Hong Kong
Recent Western Cape Business News
The City of Cape Town concluded exploratory talks with Global Sources – one of the world’s leading sourcing companies – in Hong Kong this week. Global Sources provides buyers and sellers across the world with business-to-business trading opportunities through various platforms.
The City’s Executive Director for Economic, Social Development and Tourism, Mansoor Mohamed, led the discussions with the Chairman and Chief Executive Officer of Global Sources, Merle Hinrichs.
“The City solicited opportunities for Cape Town manufacturers to showcase their products to reputable buyers on a truly global platform. The main purpose behind these talks was the stimulation of export-led trade in Cape Town, with a clear objective of job-creation and economic growth,” said Mohamed.
Executive Mayor, Alderman Dan Plato, Mayoral Committee Member for Utility Services, Alderman Clive Justus, the City Manager, Achmat Ebrahim, and a delegation of senior officials are visiting Hong Kong and Singapore en route to the 2010 Shanghai Expo.
South Africa is the Southern African region’s biggest importer of products made in China, and China has recently become South Africa’s biggest trade partner. South Africa is increasingly being seen as a gateway to the rest of Africa and Cape Town has huge potential to create a soft landing for trade in Africa.
“Cape Town and South Africa can certainly benefit from their association with companies like this, whose business-driven practices can help create a global platform for our local manufacturers,” said Mohamed.
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