U.S. Chamber of Commerce Hosts President of South Africa To Deepen Bilateral Trade and Investment Ties
U.S. Chamber of Commerce Hosts President of South Africa To ... uschamber.com
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U.S. Chamber of Commerce Organizes Meetings and Events at UN General Assembly
The U.S. Chamber of Commerce is organizing a record number of meetings and events on the sidelines of the 78th session of the UN General Assembly (UNGA) to help foster public-private collaboration and underscore the indispensable role of the private sector in realizing the UN’s global targets.
U.S.-South Africa Trade and Investment Executive Dialogue
As part of this effort, the U.S. Chamber’s U.S.-Africa Business Center (USAfBC) hosted the U.S.-South Africa Trade and Investment Executive Dialogue with the President of the Republic of South Africa Cyril Ramaphosa.
President Ramaphosa emphasized the importance of the U.S.-South Africa economic relationship, stating that over 600 U.S. businesses are operating in South Africa. He invited more U.S. companies to invest and build manufacturing and other productive facilities in South Africa, highlighting the opportunities in their economy and the fast-growing African market.
Partnership Efforts
The dialogue, hosted in conjunction with Business Unity South Africa (BUSA), built on partnership efforts articulated in the organizations’ Memorandum of Understanding. It included the launch of an annual U.S. Chamber-BUSA South Africa-U.S. Trade and Investment Forum. The discussions explored how the new Trade and Investment Forum can have the most actionable impact on growing U.S.-South Africa commercial ties.
USAfBC President Scott Eisner reaffirmed the U.S. Chamber’s commitment to doubling U.S. commercial and foreign direct investment in South Africa by 2025. He expressed gratitude for President Ramaphosa’s vision for the U.S.-South Africa commercial partnership and his support for the U.S. Chamber and BUSA’s intent to launch a yearly South Africa-U.S. Trade and Investment Forum.
BUSA CEO Cas Covaadia highlighted the importance of partnership in prioritizing and promoting shared growth and prosperity between South Africa and the United States. He emphasized that BUSA stands ready as a trusted partner for investors entering the South African market.
U.S. Chamber’s Role at UNGA
During the UN General Assembly from September 18 – 22, the U.S. Chamber is leading over 24 high-level conversations with top government representatives, including heads of state and government, from countries including Brazil, Nigeria, South Africa, and Türkiye.
To learn more about the Chamber’s role at the 78th UNGA session, which marks the U.S. Chamber’s biggest showing at UNGA ever, click here.
SDGs, Targets, and Indicators
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SDG 8: Decent Work and Economic Growth
- Target 8.1: Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7% GDP growth per annum in the least developed countries
- Indicator: GDP growth rate
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SDG 17: Partnerships for the Goals
- Target 17.16: Enhance the global partnership for sustainable development, complemented by multi-stakeholder partnerships that mobilize and share knowledge, expertise, technology, and financial resources
- Indicator: Number of public-private partnerships and private sector engagement in sustainable development
The article highlights the U.S. Chamber of Commerce’s efforts to foster public-private collaboration and emphasize the role of the private sector in achieving the UN’s global targets. This aligns with SDG 17, which focuses on partnerships for the goals. The specific target mentioned in the article is Target 17.16, which aims to enhance the global partnership for sustainable development through multi-stakeholder partnerships.
The article also mentions President Ramaphosa’s invitation for more U.S. companies to invest and build manufacturing facilities in South Africa, emphasizing economic growth. This relates to SDG 8, which focuses on decent work and economic growth. The specific target mentioned in the article is Target 8.1, which aims to sustain per capita economic growth.
The indicators mentioned or implied in the article that can be used to measure progress towards the identified targets are GDP growth rate (indicator for Target 8.1) and the number of public-private partnerships and private sector engagement in sustainable development (indicator for Target 17.16).
SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 8: Decent Work and Economic Growth | Target 8.1: Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7% GDP growth per annum in the least developed countries | GDP growth rate |
| SDG 17: Partnerships for the Goals | Target 17.16: Enhance the global partnership for sustainable development, complemented by multi-stakeholder partnerships that mobilize and share knowledge, expertise, technology, and financial resources | Number of public-private partnerships and private sector engagement in sustainable development |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: uschamber.com
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