Deepening Trade and Investment Relations: South Africa and Austria Strengthen Ties
Key Ideas
  • President Ramaphosa welcomes Austria's President, emphasizing the importance of deepening trade and investment relations between the two countries.
  • South Africa and Austria are significant economic partners, with a focus on sectors like the green economy, energy, manufacturing, infrastructure, and tourism.
  • Both countries share a commitment to transitioning to low carbon climate economies, with a specific interest in green hydrogen production and cooperation.
  • The state visit occurs against a backdrop of global challenges, highlighting the shared commitment to multilateralism and sustainable development.
The state visit of Austria President Alexander van der Bellen to South Africa provided an opportunity to reinforce trade and investment ties between the two nations. President Ramaphosa highlighted the importance of this visit, describing it as a new chapter in relations characterized by mutual respect and a commitment to multilateralism. South Africa is Austria's largest economic and trade partner in Africa, with a significant presence of Austrian companies in various sectors within South Africa. Both countries aim to deepen their cooperation in the green economy, energy, manufacturing, infrastructure, and tourism sectors. President Ramaphosa emphasized the joint commitment to transitioning towards low carbon climate economies, with a specific mention of green hydrogen as a shared interest. The visit coincided with global challenges, underlining the need for multilateral cooperation and sustainable development. The state visit will culminate in the South Africa-Austria Business Forum, further solidifying the economic relationship between the two countries.
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