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

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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.

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