South African Ambassador to Turkey Vika Mazwi Khumalo said yesterday there is a lot of opportunity to cooperate and increase trade and investment between South Africa and Turkey without necessarily going into a free trade agreement. He added that "we need to work with each other for now to reach a very good connected level in our textile sector as well as in the automotive sector."
The Chairman of the Turkish-South African Business Council, Tamer Taşkın, called on companies from both countries to meet and gain knowledge from one another to widen trade volume between the two countries. “Trade volume is too low. We are trying to increase this volume by forums and visits,” he said. The trade volume between the two countries is at around $1.5 billion.
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