President Cyril Ramaphosa has welcomed the European Union's €4.7 billion Global Gateway Investment Package at the 8th South Africa-European Union Summit in Cape Town. The package aims to support a clean energy transition, infrastructure development, and the local pharmaceutical industry in South Africa. It covers critical areas like green hydrogen, renewable energy, transport, and digital infrastructure. Additionally, there's a focus on skills development to enhance competitiveness and cleaner value chains. Both parties plan to negotiate a Clean Trade and Investment Partnership to promote cleaner value chains and regulatory cooperation. The summit highlighted discussions on green energy, science, health, and global governance issues like multilateralism and peace efforts in the DRC. President Ramaphosa emphasized the importance of strengthening trade and investment relations for economic growth and achieving development goals. The summit outcomes further solidified the strategic partnership between South Africa and the EU, with a shared commitment to inclusive economic growth, job creation, poverty eradication, and addressing global challenges.