Transnet National Ports Authority and Maputo Ports Development Company sign MoU to enhance trade relations between the two African countries
South Africa’s Transnet National Ports Authority (TNPA) and Mozambique’s Maputo Ports Development Company (MPDC) have this week agreed a memorandum of understanding (MoU) to pave the way for greater collaboration between the two port authorities.
The landmark agreement follows months of extensive talks between the respective organisations, report Engineering News.
Speaking at an official signing ceremony in Johannesburg on Monday, TNPA chief executive Tau Morwe said that the accord will enable the pair to cooperate and share knowledge in areas including infrastructural development, engineering and training.
“We believe that in the spirit of cooperation, we can be exponentially more efficient and play a key role in lifting intra-regional trade within the Southern African Development Community (SADC) region from its current level of 12 percent,” said Morwe.
“What we can achieve remains to be seen, but we should aspire to achieve the figures of other leading regional economic communities, such as those of Asia and Europe, where intra-regional trade is in the region of 60 percent.”
MDPC CEO Osorio Lucas reiterated the unique potential of the agreement for the two countries, adding that it is an “important step toward, fostering greater intra-regional cooperation”.