Pretoria, July 04: Observing that the strategic partnership between India and South Africa has gradually taken shape, the two countries today agreed to give a boost to economic cooperation, particularly in mining, information and communications technology and pharmaceuticals. A joint statement issued after a meeting of India-South Africa joint ministerial commission here, said the two sides are negotiating a bilateral investment protection agreement and a preferential trade agreement. The meeting, attended by External Affairs Minister Yashwant Sinha and his South African counterpart Nkosazana Delamini-Zuma, felt that the strategic partnership which the two countries agreed to establish during President Mbeki's visit to India in 1996 has gradually taken shape, with many major bilateral agreements already signed and a number in the course of negotiation. It was announced that South African President Thabo Mbeki will pay a state visit to India in October.
The two sides emphasised the need for increasing mutual investments and agreed that there was still substantial potential for capitalising on individual strengths such as South Africa's mining prowess and India's strengths in the field of information and communications technology and pharmaceuticals. Bureau Report