South Africa & Piyush Goyal

South Africa: As the largest SACU member, South Africa stands to benefit significantly from improved trade relations with India. The PTA could boost exports in sectors like minerals, agriculture, and manufacturing.

Piyush Goyal: As India's Commerce and Industry Minister, Goyal led the signing ceremony and advocated for a balanced agreement. His statements highlight the strategic importance of the pact for India's trade diversification.

South Africa: South Africa's trade minister participated in bilateral discussions with India, focusing on trade and investment, including the proposed India-SACU PTA.

Piyush Goyal: As Union Minister of Commerce and Industry, Goyal chaired the meeting and highlighted progress under India's Chairship. He also held bilateral talks with counterparts from Brazil, Egypt, and South Africa, strengthening India's trade ties.

South Africa: As a BRICS member, South Africa could benefit from cheaper cross-border payments, though its role is less prominent.

Piyush Goyal: India's Trade Minister expressed preference for national currency settlements over a common BRICS currency, aligning with the current initiative.

South Africa: Participated in the meeting, reinforcing its trade cooperation with the UAE.

Piyush Goyal: Met with Al Zeyoudi to review India-UAE CEPA progress, enhancing bilateral trade cooperation.