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South Africa
South Africa is likely to conclude an economic partnership agreement by the end of this year with the European Union as a member of the Southern African Customs Union, International Relations and Co-operation Minister Maite Nkoana-Mashabane said yesterday.
The beleaguered Southern African Customs Union (SACU) has to face up to serious challenges at its upcoming heads of state meeting in October.
South Africa’s black business people are battling to benefit from the numerous bilateral agreements the country has entered into, National Empowerment Fund CEO Philisiwe Buthulezi said on Thursday
President Jacob Zuma said on Monday in opening the India Show that SA would be deepening strategic partnerships with India, especially in the areas of science and technology, agriculture, human resource development and security.
India today said it will explore opportunities for a comprehensive market opening trade pact with South Africa as the two nations are likely to touch the $10 billion bilateral commerce this year.
South African President Jacob Zuma will lead a State visit to China this week in a bid to strengthen political, economic and trade relations with the world’s second-largest economy and South Africa’s largest trading partner.
India’s government hopes to “wrap up very quickly” negotiations around a free trade agreement (FTA) with South Africa.
An international arbitration tribunal in The Hague has dismissed an objection by Italian investors claiming that SA’s black economic empowerment requirements represented expropriation and violated the country’s bilateral investment treaties with Italy and the Belgo-Luxembourg Economic Union.
SA will not pursue a conventional free-trade agreement with China as this is not in the interests of the country, Trade and Industry Minister Rob Davies says.
Parliament’s trade and industry committee wants South African MPs to play a greater role in negotiating international agreements and has urged that the legislative framework and rules for dealing with them be reviewed.
Speaking at the 100th anniversary of the Southern African Customs Union (Sacu) celebration held in Namibia on Thursday, President Jacob Zuma said that the future of the customs union was "undoubtedly in question", if it could not "pursue the unfinished business of the Economic Partnership Agreement (EPA) negotiations as a united group".
President Jacob Zuma and the Republic of Congo’s President Denis Sassou-Nguesso signed a bilateral trade agreement in Pretoria on Thursday. In a statement released after their meeting, Zuma welcomed the long-term land lease agreement of over 200000 hectares of idle farmland to a consortium of South African farmers.
SA is likely to focus on stimulating targeted sectors of the economy and firming up trade relations with key partners in Africa, Europe and the east this year, as growing global trade flows are expected to reflect a world emerging from recession.
The conclusion of a fisheries agreement between SA and the European Union has had to take second place to other considerations, even though SA’s fish exports to the EU are attracting duties that some other countries’ are not.
South African farmers in Zimbabwe will not forfeit their land or investments as a result of a bilateral agreement still to be signed, a Pretoria judge ordered.
The imminent signing of a new bilateral investment protection treaty (BIPPA) between Zimbabwe and South Africa could be halted, if an application in the Pretoria High Court on behalf of more than 200 farmers proves successful on Thursday.
South Africa’s main agriculture and farming union has expressed concern about the bilateral investment treaty agreed with Zimbabwe, which is set to exclude South African owned farms that were expropriated by the Robert Mugabe regime during the chaotic land ’reform’ programme.
The debate over the future trajectory of South Africa’s economic policy is about much more than the powers of Trevor Manuel and the planning ministry.
Durban-based Illovo Sugar — Africa’s biggest producer, majority-owned by British Sugar — said it plans to raise output by 50 percent to nearly 3 million tonnes in the next five years to cash in on the new tariff-free EU access.
While Agri SA has been leading a push for South African farmers to invest and farm in a number of other countries across Africa, including the Republic of Congo, Libya and Zambia, the union has urged its members to stay away from countries where South Africa has no investment protection agreements.
