South Africa's DTI launches plan to boost exports

South Africa’s DTI launches plan to boost exports

South Africa's Department of Trade and Industry (DTI) has launched a new development programme aimed at boosting South African exports.

The National Exporter Development Programme (NEDP) is designed to help South African exporters compete globally and be more active on the international stage, the Minister of Trade and Industry Rob Davies (pictured) said.

"The programme is intended to bring about an agreed standard set of interventions to support and improve the export readiness of companies in South Africa. There is going to be an evolutionary process that is going to begin with a company being a domestic export enterprise to being an explorer, to export aware, export ready and eventually being a global exporter," he explained.

Davies said that South Africa needed to address the challenge of the current account deficit by increasing the export of the country's value added products.

"Recent trade statistics show that as a country we are importing more than what we are exporting and this means that we have our work cut out to reverse this trend. We need to increase our exports, particularly the export of value added products. We need to capture all of the South African market by encouraging the manufacturing, procurement and consumption of the proudly South African products. We need to reduce the volume of imports by giving preference to the SA goods."

The NEDP will include developing a pool of export-ready companies, contributing to export growth, developing new markets and new export products through extensive capacity building and mentorship, provision of information and implementation of special projects including export villages and national pavilions.

In a statement the DTI said its Trade and Investment Division had signed a Memorandum of Agreement with Proudly South African to assist in the implementation of some aspects of the programme, particularly the export villages.

For more information visit http://www.thedti.gov.za.

Image: Getty

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