The Minister of Trade and Industry, Mr Ebrahim Patel, says building the African Continental Free Trade Area (AfCFTA), and making South Africa’s trade promotion efforts more effective and strategic, was very crucial to economic growth in the country and the African continent in general.

Minister Patel says the initiative would connect 1.2 billion people into a single bloc where products would be manufactured, bought and sold between countries, without any trade tariffs.

According him, the agreements such as the AfCFTA lay the basis for increased infra-Africa trade and ‘cement the continent’s position as the next growth frontier.

The Department of Trade and Industry will be concentrating over the next few weeks, on finalising terms of an agreement between South Africa and the UK in case of a no-deal Brexit, to protect SA exports and jobs. The Department will also engage with the US around AGOA and point to the mutually beneficial impact thereof.

Download the full press release below.