Sisulu says government committed to signing AfCFTA
16 May 2018 - by
International Relations and Cooperation minister Lindiwe Sisulu announced yesterday that the signing of the African Continental Free Trade Area (AfCFTA) agreement was currently on Cabinet’s agenda.
She said that South Africa had held off on signing the actual agreement until all legal and other instruments associated with the AfCFTA had been processed and ratified by stakeholders and Parliament.
Sisulu said that government was fully committed to the free trade agreement as participation in the AfCFTA would assist South African businesses to expand into the African market and in doing so contribute to economic development.
“For South Africa in particular it will serve to address the triple challenges of unemployment, poverty and inequality as set out in the National Development Plan,” she said.
The AfCFTA is a free trade agreement that will liberalise trade on the continent and is aimed at tackling non-tariff barriers to trade, such as delays at borders and deepening economic integration by combining market integration with industrial and infrastructure development.