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The dti Striving for a growing economy that benefits all Presentation to the Joint Budget Committee 2 November 2005.

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Presentation on theme: "The dti Striving for a growing economy that benefits all Presentation to the Joint Budget Committee 2 November 2005."— Presentation transcript:

1 the dti Striving for a growing economy that benefits all Presentation to the Joint Budget Committee 2 November 2005

2 The dti’s objectives below have been ordered according to ITED’s priority focus areas:  Increase market access opportunities for and export of South African goods and services.  Contribute towards the economic growth and development of the African continent within the Nepad framework.  Increase the level of direct investment overall and in priority sectors.  Increase the contribution of small enterprises to the economy.  Significantly progress broad-based black economic empowerment. the dti’s strategic objectives

3 The dti’s objectives below have been ordered according to ITED’s priority focus areas:  Contribute towards building skills, technology and infrastructure platforms from which enterprises can benefit.  Reposition the economy in higher value-added segments of value matrices in knowledge-driven manufacturing and services.  Contribute towards providing accessible, transparent and efficient access to redress for economic citizens.  Contribute towards building a single economy that benefits all and bridging the divide between the first and second economies.  Building an efficient, effective and accessible organisation to achieve these outcomes in a sustainable and economical manner. the dti’s strategic objectives (continued)

4  Expansion of market access for South Africa’s exports & facilitation of investment through the conclusion of trade & investment agreements  Support economic development in Africa through regional integration, increased Intra Africa trade and capacity building, and strengthened SADC, SACU, Nepad and AU institutions  Promote South Africa’s interests in the rules-based multilateral trade system  Ensure compliance with international non-proliferation treaties  Conduct world class global trade and economic analysis  Manage South Africa’s tariff regime  Build a competent and effective institution to execute ITED’s mandate, in cooperation with government, private sector, and civil society stakeholders International Trade and Economic Development (ITED’s) strategic objectives

5 Key achievements in the 2004/05 financial year:  Concluded Mercusor-SACU PTA  Concluded EFTA - SACU FTA  Continued to participate in the WTO Doha Round  Initiated consultation processes in preparation for launching India and China negotiations  Initiated review of the SA/EU agreement, including the accession of 10 new EU members  Launched the Permanent Trade Forum Increasing market access opportunities

6 Key achievements in the 2004/05 financial year:  Implementing the new SACU agreement  Assisting in capacity-building with SACU secretariat  Undertook 20 technical and trade missions in Africa  Continuing negotiations to conclude the US-SACU trade agreement  Concluded economic co-operation & investment protection agreements with various African countries Supporting economic development in Africa

7 ObjectiveProgress Conclude free trade agreements within timeframe first quarter 2005 to end 2006 with US, EFTA, Mercosur, India, China, Egypt, Nigeria, Kenya. WTO Doha Round negotiations by 2006 MERCOSUR and EFTA negotiations were concluded. Talks with US ongoing but delayed. Mandate for India and China finalised and formal talks to start soon. Egypt, Nigeria & Kenya still to be mandated. Participation on track in Doha round. Conclude at least 10 agreements with key countries during 2004/05 Concluded and signed 10 agreements. Economic co-operation agreements concluded with DRC and still awaiting signing with Angola and Mozambique Undertake at least 10 technical & business missions 26 technical and business missions undertaken Overview of key achievements - International Trade

8  Rapid increase in expenditure growth rising from R17, 9 million in 1999/00 to an expected R100, 7 million in 2005/06, an annual average increase of 33,3 percent.  Most significant increase was to the International Trade Administration, with an increase from R4,7 million in 1999/00 to an expected R46, 5 million in 2005/06, an annual average increase of 46,8 percent.  Increase in personnel expenditure from R19,0 million in 2003/04 to R23, 1million in 2005/06. Additional funds are still required to increase capacity, especially legal support to trade negotiations.  Increase in transfer payments increased from R8 million in 2002/03 to R55, 6 million in 2005/06, an annual average increase of 90,9 percent. Overview of expenditure

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10  Launch of Angola and DRC SDIs in 2005  Prepare for and participate in the African Peer Review Mechanism  Continue ongoing bilateral relations with key African countries  Continue with US FTA negotiations  Launch China and India negotiations Key proposed policy initiatives for 2005/06

11 Increasing resources to strengthen negotiations and trade policy capacity Increasing transfer payments to SDI unit to facilitate regional cooperation on the continent SDI unit aimed at creating synergy & coordination in Africa & Nepad (Consolidation thrust) Focus on refining matrix team management to broaden skills base Strategic choices for 2005/06

12 Thank You


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