June 5, 2010 8:58 AM

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India, South Africa sign 3 pacts

India and South Africa have signed three pacts for better air connectivity and strengthening of cooperation in the areas of agriculture and allied sectors. <br/> <br/>The agreements were signed after the delegation-level talks between Prime Minister Manmohan Singh and visiting South African President Jacob Zuma in New Delhi on Friday. Singh and South African President held wide-ranging talks on the whole gamut of bilateral and global , including the stepping up of economic ties and closer coordination. <br/> <br/>In their interaction with the media, the two leaders stressed on revamping global institutions to reflect contemporary realities. They also reiterated mutual support for candidacy for rotating non-permanent seats in the UN Security Council for 2011-12. Singh said the two countries will step up our efforts for the reform of global institutions, including that of the UN Security Council.<br/>The South African President supplemented that the two countries have agreed to support each other's candidatures for the non-permanent seat for the 2011-12 term.<br/> <br/>Later, interacting with the captains of industry, the visiting dignitary reasserted that the collaboration between the two nations will help remove unemployment and under-development. He said India and South Africa have the potential to make itself the next global growth centre. He said both the Governments are committed to remove trade barriers to realise full economic potential. For this, he said it is imperative to expedite the process of concluding the Preferential Trade Agreement. Mr. Zuma invited the Indian businessmen to invest in South Africa.

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