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PICS: Ramaphosa Recruits Investors at the G7 Summit

President Cyril Ramaphosa intends to market South Africa as an investment destination and trading partner during the G7 summit in Biarritz, France.

Ramaphosa arrived in Biarritz on Sunday and will be assisted by the Minister of International Relations and Cooperation, Dr. med. Naledi, accompanies Pandor and Minister of Communications and Digital Technologies Stella Ndabeni-Abrahams.

"The working visit will also provide a platform for President Ramaphosa and Cabinet Members to invite global partners to experience South Africa as an investment destination and trading partner, and to participate in the country's efforts to accelerate, sustainable and inclusive economic growth and development to reduce unemployment ", said a statement by the presidency.

South Africa was invited to Canada after a seven-year absence in 201

8 for the G7 Summit.

This year's G7 Summit addresses the elimination of inequalities – socially, economically, ecologically and in other dimensions – on a global scale.

The G7 is a forum of seven countries with the world's most industrialized and developed economies – France, Germany, Italy, Japan, the United States, the United Kingdom and Canada – whose leaders meet annually to discuss important global economic issues to discuss. political, social and security issues.

The Summit is divided into three sections: G7 and Africa Partnership (South Africa, Rwanda, Egypt, Burkina Faso, Senegal and Chairman of the African Union Commission); G7 and four Biarritz partners (South Africa, India, Australia and Chile) as well as G7 and all partners.

The Presidency noted that South Africa's participation in the G7 summit in 2019 will be guided by four strategic foreign policy pillars:

  • progress of national interest in achieving domestic goals;
  • improving the African agenda and promoting Africa's support for sustainable development;
  • Influencing a Reformed Global Multilateral Architecture; and
  • Promoting the South's agenda by strengthening South-South cooperation and North-South dialogue.

The G7 conference is followed by a working visit to the Tokyo International Conference on African Development (TICAD V11).

] Ramaphosa will be attending the TICAD V11 from the 28th to the 30th of August.

The TICAD V11 conference will focus on science, technology and innovation, the development and training of human resources, the oceans economy, climate change and disaster risk reduction, and agriculture.

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