The National Council of Trade Unions (Nactu) urged the business community yesterday to aggressively interrogate government’s action on job security and on the free-trade agreements that were being concluded with other countries.
"In many ways, South Africa’s role in sub-Saharan Africa is analogous to the role of the US in the world." — US Ambassador Jendayi E Frazer
The Congress of SA Trade Unions (Cosatu) on Thursday called for a moratorium on all South Africa’s current bilateral trade agreements, and renewed its plea to the government to consistently pursue economic and trade policies that prioritise job retention and creation.
It has been almost five years since SA and the European Union (EU) last sealed a bilateral trade agreement and the current deal comes up for review in November.
South African businesses are asleep as to how Free Trade Agreements (FTA) would impact on their business and their competitive position, says Standard Bank group economist Iraj Abedian.