Posted: March 25, 2023
The Department of Trade, Industry and Competition (the dtic) will lead a delegation of seventeen businesspeople on an Outward Selling Mission (OSM) to the In-cosmetics show in Barcelona, Spain scheduled to take place from 28-30 March 2023.
The objective for the OSM is to promote South Africa’s natural ingredients sector in order to establish market presence in Spain, Europe, and the rest of the world. In-cosmetics is the world’s leading trade fair and the most important industry meeting point for the cosmetic ingredient sector. Companies will be showcasing their expertise in a range of cosmetic products made from botanical extracts and oils, including grape seed oil, marula oil, moringa powder and oil, organic dried rosemary as well as shea butter and several other ingredients.
According to the Deputy Minister of Trade, Industry and Competition, Mr Fikile Majola, the platform will create an opportunity for South African companies to make an impression on thousands of potential customers and position their businesses as innovators in the cosmetic ingredient arena. He says that South Africa’s participation will help generate greater returns for the agro-processing sector and related industries at the show and beyond.
“The event offers a crucial insight into future scientific advances, emerging trends and regulations in an unrivalled educational programme. It is the most comprehensive source of industry expertise and the most effective formula for developing business opportunities. South Africa is also a hotspot in terms of biodiversity, linked to a wealth of traditional knowledge on how plants can be grown, be harvested and used,” says Majola.
Majola adds that in terms of supply, the natural ingredients sector can support sustainable economic development in South Africa and help transform marginalised and rural areas.
“Apart from the European companies, there are many international visitors to the fair, especially those with international distribution networks, and this creates additional opportunities for South African exhibitors to enter into global value chains,” he says.
The OSM is a collaboration between the dtic and the Swiss Import Promotion Programme (SIPPO), a mandate of the Swiss State Secretariat for Economic Affairs (SECO) within the framework of its economic development cooperation whose overall objective is to integrate developing and transitioning countries into world trade.
Bongani Lukhele – Director: Media Relations
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Issued by: The Department of Trade, Industry and Competition (the dtic)