The deposit of the instrument means that South Africa has formally and legally committed to the TFTA.
South Africa has ratified the Tripartite Free Trade Agreement, becoming the fourth country to do so after Egypt, Uganda and Kenya. 10 more ratifications are now needed for the Agreement to enter into force.
European chicken producers are miffed by South Africa’s decision to impose import duties on their exports, which goes against the spirit of the EPA [economic partnership agreement].
Despite challenges, the experiences of South Africa and Brazil demonstrate that there is room for genuine reimagination of the investment regime, where the interests of investors are matched with the development concerns of host countries.
Nigeria’s President Muhammadu Buhari said the country will sign up soon to a $3 trillion African free-trade agreement.
South Africa will sign the African Continental Free Trade Area (AfCTFA) agreement, Trade and Industry Minister Rob Davies confirmed.
The TFTA seeks to establish an enlarged market involving 27 member countries from the Common Market for Eastern and Southern Africa, the East African Community and Southern African Development Community.
The SA government wants more clarity on details related to the African Continent Free Trade Area. Unions warned that the agreement could lead to job losses.
Indonesia seeks to initiate negotiations on trade agreements under both bilateral and regional schemes this year to help jack up the country’s exports.
So-called SPS – Sanitary and Phyto-sanitary – issues identified as the main culprit. "Sometimes ostensible SPS issues were in fact disguised trade protectionism," said South Africa Trade Minister.
The Trump Administration has signalled its impatience to replace the AGOA preferential trade deal with Africa with normal two-way free trade agreements.
Nations agree in principle to implement interim arrangement based on existing EU partnership deal.
Plans to establish a single market for the 26 African countries in the Eastern and Southern African region – known as the tripartite free trade area (TFTA) – could be overly ambitious.
The European Commission has expressed concern after hundreds of people protested in Pretoria, South Africa, against EU poultry dumping that has forced profit-hit chicken processors to cut jobs.
South Africa’s poultry industry says it is on the brink of collapse due to hotly-denied accusations that the European Union is dumping cheap chicken in the country in a dispute over free trade.
South Africa pressed for revival of the negotiations for the proposed preferential trade agreement between India and five-nation Southern African Customs Union (SACU).
An immediate push for a BRICS Free Trade Agreement (FTA) will polarise heavily-industrialised and lesser-industrialised nations within the five-member grouping, warned South African trade and industry minister.
Nigeria is to establish a free trade zone with Kenya, South Africa and Egypt. The four countries have already worked out modalities for establishing the zone.
The African Farmers Association of SA (Afasa) fears an international economic partnership that is expected to create hundreds of thousands of jobs in South Africa will not, in the long run, benefit those on the ground.
Legal practitioners have been saying for some time now that SA’s Protection of Investment Act is not in sync with the country’s commitments under the Southern African Development Community Protocol on Finance and Investment.