“The BRIC nations continue to reap the benefits of bilateral trade. Africa has enjoyed
infrastructure development, economic expansion and developmental aid, while the BRIC nations gain access to strategic mineral resources, markets and support from African states at multilateral summits.” John Thomson, Managing Director, Exhibition Management Services
In 2010, China overtook the United States as
Africa’s largest trading partner, while Brazil and India currently rank as Africa’s 6th and 10th largest trading partners, respectively. Among the BRIC countries, China dominates BRIC-Africa trade, accounting for about two- thirds in value.
“Africa has become a vital market to the BRIC trading bloc,” says Stephen Oehley, Director of the BRICS Africa portfolio at South African Trade Promotions, one of the event partners. Explaining the rationale for the event, Oehley says: “The dynamics of international trade are constantly changing. The BRICS Africa Export Import Forum keeps industry updated on the latest trends, trade intelligence, products and services, and presents real trade and networking opportunities.”
The positive outlook for BRICS intra Africa trade has been well documented. “Brazil’s trade with Africa could triple to $60 billion by 2017,” says Roberto Giannetti da Fonseca, head of foreign trade at the Sao Paulo Industrial Federation (FIESP). He also notes that trade tripled to $20 billion between 2004 and 2010.
Trade with other BRIC countries is equally
as promising. India’s trade with Africa has increased by a massive 1,000% over the last decade, with value currently around $32 billion a year. According to IMF data, Russia- Africa trade reached
smallest volume of the BRIC partners. 26 Management Today | May 2012
“Africa is one of the fastest growing economic regions in the world, with a combined GDP growing at an average rate of 4.5% per annum,” says John Thomson, Managing Director of Exhibition Management Services, organisers of SAITEX and co-organisers of the BRICS Africa Export Import Forum.
“The BRIC nations continue to reap the benefits of bilateral trade. Africa has enjoyed infrastructure development, economic expansion and developmental aid, while the BRIC nations gain access to strategic mineral resources, markets and support from African states at multilateral summits.”
Thomson adds that BRIC’s trade growth with Africa has outpaced global trade and that the potential for future growth is significant. “Our show aims to develop and exploit that potential,” he comments.
Intra Africa / Intra BRIC Trade Opportunity Presentations
In addition to the exhibition element, a number of co-located events designed to stimulate trade will be staged.
$3.5 billion in 2009, the
The Johannesburg Chamber of Commerce and Industry (JCCI) in association with BRIC Trade Consulates and the Department of Trade and Industry is convening a series of trade opportunity presentations and seminars aimed at opening dialogue between trade representatives from BRIC countries and African business visitors. Each BRICS country is assigned four presentations aligned to:
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