Magazine article International Trade Forum

Africans and Asians Do Business in Durban. (ITC Promotes South-South Trade)

Magazine article International Trade Forum

Africans and Asians Do Business in Durban. (ITC Promotes South-South Trade)

Article excerpt

The United Nations Development Programme organized the second Africa-Asia Business Forum (Durban, July 2001) to promote trade and investment at the enterprise level between selected African and Asian countries.

Key sectors represented

Sectors represented at the event included information and communications technology, textiles and garments, pharmaceuticals, engineering equipment and services, electrical machinery, wood and wood products, agro-commodities and products, and leisure and tourism. The companies taking part in the Forum ranged from large diversified groups to entrepreneur-driven small businesses.

Mr. J. Smadja, ITC's Deputy Executive Director, delivered a keynote address highlighting the potential for increased trade and investment flows between the African and Asian continents. He encouraged participants to go beyond mere buying and selling, and to exploit opportunities for forward and backward links.

Meetings advance deals

Over three days, 220 representatives from 194 companies took part in 950 one-to-one meetings lasting an hour each. The participants came from 23 countries including Botswana, Cameroon, China, Cote d'lvoire, Ethiopia, Ghana, India, Kenya, Malawi, Malaysia, Mauritius, Mozambique, Namibia, Nigeria, Pakistan, Republic of Korea, Senegal, South Africa, united Republic of Tanzania, Thailand, Togo, uganda and Zambia. …

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