Developing trade and investment linkages between SA and the USA were under discussion when Finance Minister Nhlanhla Nene and US Secretary of Treasury Jacob J.Lew met at the end of October.

During the meeting discussions touched on regional growth and investment as well as measures needed to further deepen the bilateral trade and investment relationship, including the importance of a transparent, rules-based investment environment.

The two also agreed on the need for the US to pass the International Monetary Fund (IMF) quota reform as quickly as possible, which will strengthen the IMF’s ability to respond to urgent global crises.

Secretary Lew also reaffirmed the US commitment to bolstering trade and investment in Africa through trade and doing business with initiatives in Africa, which aim to increase economic linkages within Africa and between South Africa and the United States.

Source – SAnews.gov.za