https://en.sputniknews.africa/20240131/first-batch-of-south-african-products-shipped-under-afcfta-agreement-1064850414.html
First Batch of South African Products Shipped Under AfCFTA Agreement
First Batch of South African Products Shipped Under AfCFTA Agreement
Sputnik Africa
The African Continental Free Trade Area (AfCFTA) is an ambitious trade deal that encompasses various crucial sectors of Africa's economy. Its primary goal is... 31.01.2024, Sputnik Africa
2024-01-31T11:31+0100
2024-01-31T11:31+0100
2024-01-31T11:44+0100
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african continental free trade area (afcfta)
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The first batch of South African products has been shipped on Wednesday under the African Continental Free Trade Area agreement, South Africa's President Cyril Ramaphosa said at the launching ceremony in Durban.The country became the first member of the Southern African Customs Union to effectively implement the African Continental Free Trade Area agreement.The area was established in 2018 by the African Continental Free Trade Agreement, which aims to increase socio-economic development, reduce poverty, and make Africa more competitive in the global economy. The area was officially launched on January 1, 2021, making it the largest free trade area by number of member states after the World Trade Organization.
https://en.sputniknews.africa/20240130/african-countries-can-save-5-billion-if-they-trade-in-their-own-currencies-sa-brics-sherpa-says-1064839724.html
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cyril ramaphosa, south africa, durban, southern african customs union (sacu), southern africa, african continental free trade area (afcfta), trade, free trade agreement, world trade organization, economy
cyril ramaphosa, south africa, durban, southern african customs union (sacu), southern africa, african continental free trade area (afcfta), trade, free trade agreement, world trade organization, economy
First Batch of South African Products Shipped Under AfCFTA Agreement
11:31 31.01.2024 (Updated: 11:44 31.01.2024) Muhammad Nooh Osman
Writer/Editor
The African Continental Free Trade Area (AfCFTA) is an ambitious trade deal that encompasses various crucial sectors of Africa's economy. Its primary goal is to enhance intra-Africa trade by removing trade barriers, with a particular focus on promoting trade in value-added production and facilitating trade in all sectors of Africa's economy.
The first batch of South African products has been shipped on Wednesday under the African Continental Free Trade Area
agreement, South Africa's President Cyril Ramaphosa said at the launching ceremony in Durban.
"From this quayside, and from ports, airports and border posts across the continent, a new era of growth and prosperity is being born," Ramaphosa said. "A great future awaits our continent and its people."
The country became the first member of the Southern African Customs Union to effectively
implement the African Continental Free Trade Area agreement.
The area was established in 2018 by the African Continental Free Trade Agreement, which aims to increase socio-economic development, reduce poverty, and make Africa more competitive in the global economy.
The area was officially launched on January 1, 2021, making it the largest free trade area by number of member states after the World Trade Organization.
