The South African government is trying to protect its citizens’ rights in the face of Zimbabwean nationalisation moves.
Pressure was mounting on Southern African Development Community (SADC) leaders to get economic integration back on track in a bid to meet the 2008 target date for a free trade area in the region, said Deputy Foreign Minister Aziz Pahad yesterday.
During the triangular IBSA (India, Brazil and South Africa) political summit on September 13 in Brazil, Mercosur is likely to propose South African Customs Union (SACU) and India the creation of a working group to explore the modalities of a trilateral free trade agreement (T-FTA) among them.
The first step has been taken to establish a Free Trade Agreement between Singapore and South Africa.
Washington recently played host to the annual African Growth and Opportunity Act (Agoa) forum, an annual event mandated by the Agoa legislation which brings together stakeholders from Africa and the US.
The stalled Doha negotiations would give SA a valuable opportunity to strengthen technical consultation and tighten relations in the Southern African Customs Union (Sacu) before the trade talks were resumed, SA’s chief trade negotiator, Xavier Carim, said yesterday.
The first step has been taken to establish a Free Trade Agreement between Singapore and South Africa. Justice MPH Rubin, Singapore’s High Commissioner, is in Tshwane to facilitate the process.
Zimbabwe is not going to change its stance on Bilateral Investment Promotion and Protection Agreements (Bippas) that were violated under the country’s controversial land reform programme, a position that could further strain diplomatic relations with affected nations.
A free trade agreement with China would have a drastically negative effect on the clothing and footwear sectors in South Africa - but the overall economic effect would be positive, says one of the first of a series of studies.
This week’s visit by Chinese Prime Minister Wen Jiabao to seven African countries, including SA, is a highly strategic one.
When Indian Prime Minister Manmohan Singh attends the IBSA (India-Brazil-South Africa) summit in Brazil on September 13, one of the main issues on the agenda is the possibility of a trilateral Free Trade Agreement (FTA) between India and the regional groupings in Latin America and South Africa.
The South African Minister of Trade and Industry, Mandisi Mpahlwa, has called for more regional trade cooperations among African states.
The United States and Southern African nations are unlikely to clinch a free trade agreement but will continue talks at a lower level, South Africa’s trade minister said.
Washington has invited African trade and finance ministers for talks on the Africa Growth and Opportunity Act (Agoa) - the US partial free trade regime for imports from Africa.
The Congress of South African Trade Unions (Cosatu) has warned government that thousands of textile workers, especially women, will soon join the unemployment queue.
The proposed free-trade agreement with China is intended to better position South African business to gain access to China’s economy. But will it?
South Africa has urged the United States to be more flexible in negotiations towards a free-trade pact with southern Africa, warning that current talks may fail to secure a deal.
Although India, Brazil, and South Africa share bilateral trade agreements amongst themselves, binding trilateral free trade arrangements between the countries are not an option at the present time because of previously signed multinational agreements involving their neighboring nations.
India announced that it is evolving an agreement in maritime shipping within IBSA (India, Brazil and South Africa) and working out modalities to implement the framework agreement in civil aviation in the region. It cautioned, however, that since Brazil and South Africa were members of MERCOSUR and SACU, there were constraints in working out a trilateral FTA within the IBSA framework.
China is muscling its way not only into the global economy but also into Africa, a world that SA companies might have thought was their oyster after the walls of apartheid came down a decade ago.