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

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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.
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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.
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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
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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
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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
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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.
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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
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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