Mr. Malose Letsoalo
Telephone: (202) 274-7977
The Economic and Commercial Affairs Office at the South African Embassy in Washington, DC is the representative office of the South African Department of Trade and Industry (the dti).
The primary focus of the Economic and Commercial Affairs Office is to raise the level of trade between South Africa and the United States, to expand U.S. foreign direct investment into South Africa and to nurture the bi-lateral South Africa-United States economic relationship.
In collaboration with Trade and Investment South Africa we promote the export of South African value-added goods and services to the United States through:
- Assisting U.S. companies to source products and services from South Africa by identifying potential suppliers for U.S. importers and buyers
- Assisting visiting U.S. buyers to South Africa with locating suppliers and arranging meetings
- Assisting South African exporters with relevant market intelligence that will enable them to understand and access the U.S. market
- Assisting South African exhibitors at trade shows
- Promoting South African products and services at business events
We promote U.S. foreign direct investment into South Africa through:
- Providing linkages to investment opportunities in South African sectors and industries
- Assisting U.S. investors to navigate the South African business/investment environment
- Assisting U.S. investors with site visits, logistical arrangements and program coordination
- Providing information on available investment incentive packages
Bi-lateral South Africa-United States economic relationship
In 2016 the U.S. was the second largest export partner to South Africa, and South Africa’s largest source of imports globally. Total bilateral trade between South Africa and the U.S. amounted to $11.4 billion in 2016. In 2016 the U.S. sourced $6.8 billion of products from South Africa and exported $4.7 billion of goods to South Africa.
Major South African exports to the U.S. include: Motor vehicles, parts and accessories; industrial machinery; Diamonds, gems and jewelry; precious metals and other metal products; Chemicals; pharmaceutical preparations; Fruit, frozen fruit juices and nuts; and wine
We seek to nurture and expand the bi-lateral South Africa-United States economic relationship through:
- Lowering of barriers to trade between South Africa and the U.S.
- holding dialogue and strategic discussions on trade and investment between our two countries within the parameters of the Trade and Investment Framework Agreement (TIFA) which was signed between the governments of South Africa and the U.S.
- Holding consultative discussions and cooperative work on a diverse range of trade issues centered on customs cooperation, technical barriers to trade, sanitary and phytosanitary measures, and trade and investment promotion via the Trade, Investment, and Development Cooperative Agreement (TIDCA) which was signed between the Southern Africa Customs Union (SACU) and the U.S. South Africa is a member of SACU.
- Remaining engaged and safeguarding South Africa’s eligibility for the African Growth and Opportunity Act (AGOA) which is a U.S. trade preference program providing duty-free treatment into the U.S. market.
- South African Investment incentives
- Trade agreements
- Protection of Investment Act
- Priority sectors for trade and investment Industrial Policy Action Plan 2017/2018 – 2019/2020 – Part 1
- Industrial Policy Action Plan 2017/2018 – 2019/2020 – Part 2
- Broad-Based Black Economic Empowerment
- Registration of companies and corporations, and intellectual property rights (trade names, patents, designs and copyrights)