Trade potential hinges on Moz's stability - MPs

Parliamentarians have highlighted the great potential for increased trade with Mozambique, provided that stability could be maintained in the coastal nation.

- Jarryd Westerdale

Officials from the department of international relations and cooperation gave a presentation to its portfolio committee yesterday, which outlined the state of bilateral relations between the countries.

Committee members heard about the existing frameworks, but were more concerned about what future avenues of collaboration could be cemented.

The department’s presentation noted how there were 76 previous and existing agreements signed between the two countries.

Over 300 SA companies operate in Mozambique, supporting about 500 000 jobs and having facilitated R156 billion in investment.