South Africa has signed the African Free Trade Area agreement with the African Union, which will pave the way for the country to benefit from inter-regional trade on the continent. “South Africa remains committed to a co-ordinated strategy to boost intra-Africa trade and to build an integrated market in Africa that will see a market of more than one billion people and approximately $3.3-trillion in GDP,” said President Cyril Ramaphosa.
New trade-restrictive measures from G20 economies had doubled compared to the previous review period, according to the WTO’s 19th monitoring report on G20 trade measures covering the period from mid-October 2017 to mid-May 2018. The report was issued on 4 July 2018. Its findings should be of ‘real concern’ to the international community, says Director-General Roberto Azevêdo.
The GEGAfrica project has been funded by UK aid from the UK government; however the views expressed do not necessarily reflect the UK government’s official policies.