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The dti’s objectives below have been ordered according to ITED’s priority focus areas:

the dti Striving for a growing economy that benefits all Presentation to the Joint Budget Committee 2 November 2005. the dti’s strategic objectives. The dti’s objectives below have been ordered according to ITED’s priority focus areas:

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The dti’s objectives below have been ordered according to ITED’s priority focus areas:

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  1. the dtiStriving for a growing economythat benefits allPresentation to the Joint Budget Committee 2 November 2005

  2. the dti’s strategic objectives The dti’s objectives below have been ordered according to ITED’s priority focus areas: • Increase market access opportunities for and export of South African goods and services. • Contribute towards the economic growth and development of the African continent within the Nepad framework. • Increase the level of direct investment overall and in priority sectors. • Increase the contribution of small enterprises to the economy. • Significantly progress broad-based black economic empowerment.

  3. the dti’s strategic objectives (continued) The dti’s objectives below have been ordered according to ITED’s priority focus areas: • Contribute towards building skills, technology and infrastructure platforms from which enterprises can benefit. • Reposition the economy in higher value-added segments of value matrices in knowledge-driven manufacturing and services. • Contribute towards providing accessible, transparent and efficient access to redress for economic citizens. • Contribute towards building a single economy that benefits all and bridging the divide between the first and second economies. • Building an efficient, effective and accessible organisation to achieve these outcomes in a sustainable and economical manner.

  4. International Trade and Economic Development (ITED’s) strategic objectives • Expansion of market access for South Africa’s exports & facilitation of investment through the conclusion of trade & investment agreements • Support economic development in Africa through regional integration, increased Intra Africa trade and capacity building, and strengthened SADC, SACU, Nepad and AU institutions • Promote South Africa’s interests in the rules-based multilateral trade system • Ensure compliance with international non-proliferation treaties • Conduct world class global trade and economic analysis • Manage South Africa’s tariff regime • Build a competent and effective institution to execute ITED’s mandate, in cooperation with government, private sector, and civil society stakeholders

  5. Increasing market access opportunities Key achievements in the 2004/05 financial year: • Concluded Mercusor-SACU PTA • Concluded EFTA - SACU FTA • Continued to participate in the WTO Doha Round • Initiated consultation processes in preparation for launching India and China negotiations • Initiated review of the SA/EU agreement, including the accession of 10 new EU members • Launched the Permanent Trade Forum

  6. Supporting economic development in Africa Key achievements in the 2004/05 financial year: • Implementing the new SACU agreement • Assisting in capacity-building with SACU secretariat • Undertook 20 technical and trade missions in Africa • Continuing negotiations to conclude the US-SACU trade agreement • Concluded economic co-operation & investment protection agreements with various African countries

  7. Overview of key achievements - International Trade

  8. Overview of expenditure • Rapid increase in expenditure growth rising from R17, 9 million in 1999/00 to an expected R100, 7 million in 2005/06, an annual average increase of 33,3 percent. • Most significant increase was to the International Trade Administration, with an increase from R4,7 million in 1999/00 to an expected R46, 5 million in 2005/06, an annual average increase of 46,8 percent. • Increase in personnel expenditure from R19,0 million in 2003/04 to R23, 1million in 2005/06. Additional funds are still required to increase capacity, especially legal support to trade negotiations. • Increase in transfer payments increased from R8 million in 2002/03 to R55, 6 million in 2005/06, an annual average increase of 90,9 percent.

  9. Overview of expenditure

  10. Key proposed policy initiatives for 2005/06 • Launch of Angola and DRC SDIs in 2005 • Prepare for and participate in the African Peer Review Mechanism • Continue ongoing bilateral relations with key African countries • Continue with US FTA negotiations • Launch China and India negotiations

  11. Strategic choices for 2005/06 • Increasing resources to strengthen negotiations and trade policy capacity • Increasing transfer payments to SDI unit to facilitate regional cooperation on the continent • SDI unit aimed at creating synergy & coordination in Africa & Nepad (Consolidation thrust) • Focus on refining matrix team management to broaden skills base

  12. Thank You

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