for subscribers

Africa's free trade area can lift continent out of poverty

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
Trade and Industry Minister Ebrahim Patel South Africa’s manufacturers and farmers should prepare themselves for the new trade and export opportunities. The AfCFTA agreement came into effect on January 1.  Picture: Jairus Mmutle/GCIS
Trade and Industry Minister Ebrahim Patel South Africa’s manufacturers and farmers should prepare themselves for the new trade and export opportunities. The AfCFTA agreement came into effect on January 1. Picture: Jairus Mmutle/GCIS

BUSINESS

The African Continental Free Trade Area (AfCFTA) agreement will not only eliminate intracontinental tariffs and simplify customs procedures on the continent, it will also deepen levels of industrialisation and lead to more employment opportunities, says Trade, Industry and Competition Minister Ebrahim Patel.

He adds that the AfCFTA will help manufacturers in South Africa expand into new markets available in west, central and east Africa.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in

E-Editions

Check out the City Press e-edition here.
Read now
Voting Booth
According to a Centre for Social Change and University of Johannesburg survey, 67% of adults would definitely or probably take a Covid-19 vaccine if it became available. Would you/ will you take the vaccine?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, definitely
58% - 59 votes
I definitely would not
24% - 24 votes
I am unsure
19% - 19 votes
Vote