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.
Bilateral investment treaties have been a source of political controversy in recent years. This is clear from the alarming increase in the number of disputes between investors and governments.
L’association sud-africaine des importateurs et exportateurs de viande (AMIESA) est prête à recevoir plus de 60 000 tonnes de volailles en provenance des USA.
South Africa has resolved a trade row with the US which threatened to throw South Africa out of its preferential trade programme over its refusal to allow the importation of American chickens.
The trade and industry minister insists SA will continue talks over the African Growth and Opportunity Act and it is for the US to "blow the whistle".