GNU aims to rebuild trade and investment with UK: Lamola


2 minutes

International Relations and Cooperation Minister Ronald Lamola says the Government of National Unity (GNU) looks forward to rebuilding trade and investment relations with the United Kingdom.

He is hosting his UK counterpart, David Lammy in Cape Town.

This is as Prince of Wales William is in the country this week, to officiate at the fourth Earthshot Prize Awards ceremony that honours future leaders that are driving transformative change in climate action and sustainability.

The bilateral meeting comes on the back of a recent visit by Deputy President Paul Mashatile to the UK in an effort to rebuild investor confidence.

 

Lamola says it is time to rebuild relations.

“Your excellency, as you know, our trade and investment relations have stagnated somewhat, not only because of COVID-19 pandemic, but also because of general state of global economy and various domestic challenges. The state visit in 2022 by President Ramaphosa and recent working visit by Deputy President Mashatile, aim to provide renewed impetus to our bilateral engagement.”

UK foreign secretary, David Lammy,  says his government equally looks forward to embarking on a new chapter with South Africa.
“  We as new government are committed to growth, committed to climate leadership, and so on trade, on green transition, on climate finance, on technical assistance and tech..there is much we can look forward to.”