What happened?
An Indian delegation participated in the second session of the India-South Africa Joint Working Group on Trade and Investment (JWGTI) in Pretoria, South Africa, from April 22–23. The discussions focused on enhancing bilateral trade and investment, addressing outstanding issues, and strengthening ties. Key areas of collaboration included pharmaceuticals, healthcare, agriculture, MSMEs, and jewellery manufacturing.
Why it matters to India
Strengthening trade and investment ties with South Africa, India’s largest trading partner in Africa, is crucial for India’s economic growth. Expanding cooperation in various sectors and exploring a trade agreement with the Southern African Customs Union (SACU) can create new opportunities for Indian businesses.