The African Continental Free Trade Area agreement could have negative impacts on South Africa’s trade, labour force and micro, small and medium enterprises, according to a draft document prepared for discussion at the ANC’s upcoming policy conferences.
The African Continental Free Trade Area (AfCFTA) is the world’s newest and most ambitious trade bloc, after the World Trade Organisation, its biggest, covering 1.2bn consumers in 55 countries that together generate annual GDP in excess of $3 trillion.
It is perfectly possible to withdraw from trade deals containing corporate courts, as former South African trade minister Rob Davies explains.
African nations should not be expected to take the lead in addressing a climate emergency they did not create. The priority for Africa is to receive support and investment to build resilience and adapt to climate impacts.
The Commercial Operations Officer, Dangote Group, yesterday called for the reform at ports in Africa as well as the ease of regulations and bureaucracy, in order to realise benefits of the African Continental Free Trade Area agreement.
The African Organisation for Standardisation and the African Continental Free Trade Area Secretariat have signed a Memorandum of Understanding on the implementation of the AfCFTA agreement.
Africa’s new free trade area could transform the continent’s economy. But without strong social protections, it may result in more precarious work.
Southern African countries have rattled the European Union by indicating they might reopen negotiations on a major new, long-range framework for relations between Europe and developing countries that has already been accepted by all sides.
Officials from the Southern Africa Customs Union (SACU) and the South American-based Southern Common Market (MERCOSUR) have reaffirmed their commitment to the full implementation of the Preferential Trade Agreement (PTA).
The European Union’s (EU) Farm-to-Fork Strategy is set to be implemented in 2022 and will come with an additional layer of regulations.
Algerian Foreign Affairs Minister Ramtane Lamamra’s announcement on 24 August of a new break in diplomatic relations with Morocco is another setback for free trade and free movement on the continent.
Given the potential for wider use of the ISDS mechanism, strategies to protect public health policy space in the context of both international trade and investment treaty and dispute settlement contexts remain important.
AfCFTA was supposed to usher in a new era of continental trade and economic growth—but Beijing’s not letting that happen.
RUSSIAN attorneys have warned they will institute international arbitration proceedings against South Africa for failing to protect their client Transasia Mineral’s investment after the company was allegedly defrauded of R458 million by a local businessman.
The full rollout of the African Continental Free Trade Area (AfCFTA) is being delayed as countries haggle over the overarching agreement on rules of origin and tariff reduction schedules.
Founder of Peezel Farms believes South African poultry farmers need new markets as they continue to be undermined by current regulations which allow some foreign countries to dump their chicken products in the country.
Policy changes are needed to facilitate the faster and seamless flow of goods and services across borders.
Current realities are likely to counter the expectations that the AfCFTA is some kind of silver bullet that will transform Africa, sweeping away decades of embedded dysfunction and challenges.
Joining the Energy Charter Treaty is not in the public interest, according to South Africa’s government. It has also cancelled other agreements that allowed foreign investors to sue their state. This has not stopped investors from coming, says Mustaqeem de Gama.
South Africa’s preferential market access to the U.S. is under review, however, the country is apprehensive about striking a new trade deal with the U.S. and would rather maintain existing relations with the world’s largest economy.