afcfta south africa

Igniting the Potential of the African Continental Free Trade Area: A Dawn of New Opportunities for South Africa

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The African Continental Free Trade Area (AfCFTA) is an agreement that aims to unify the African market and boost economic development. South Africa is playing a key role in promoting PanAfricanism and global solidarity through its involvement in various international economic development organizations. With the implementation of AfCFTA, South Africa is exploring new trade opportunities with Asia and the Middle East, as well as promoting infrastructure expansion and industrial progression. The country is leading the way in implementing AfCFTA and is committed to achieving economic unification and prosperity across the African continent.

afcfta south africa

South Africa Harnesses AfCFTA: A Groundbreaking Move Towards Africa’s Economic Prosperity

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South Africa has taken a groundbreaking step towards Africa’s economic prosperity by initiating preferential trade under the African Continental Free Trade Area (AfCFTA), which aims to boost intracontinental commerce and industrialization in Africa. The transformative potential of AfCFTA lies in its capability to expedite the growth of regional and local value chains, offering investors access to a rapidly expanding continental GDP and a population of 1.7 billion people. The AfCFTA intends to exploit this continental market to boost agricultural development and food security while ensuring that young people and womenled firms are active in export markets.

youth participation public service

Africa Public Service Day Ministerial Youth Outreach Dialogue: A Milestone for a United and Empowered Africa

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On June 20, 2023, the University of Johannesburg (UJ) hosted the Africa Public Service Day Ministerial Youth Outreach Dialogue, with Hon. Ms. Noxolo Kiviet, MP Minister for the Public Service and Administration in attendance. The event had the theme “The African Continental Free Trade Area (AfCFTA) will require a fit for purpose African public administration to succeed,” aligning with the Continental Africa Public Service Day (APSD) celebrated on June 23, 2023.

afcfta economic emancipation

The African Continental Free Trade Area: An Overview

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The African Continental Free Trade Area (AfCFTA) is a significant development in Africa’s economic integration journey. Its primary objective is to create a unified market for goods and services to stimulate trade and sustainable, inclusive growth across the continent. As part of an ongoing awareness workshop series, the Department of Trade, Industry, and Competition (dtic) is hosting events around South Africa to educate stakeholders about the AfCFTA’s benefits and opportunities.

afcfta limpopo

African Continental Free Trade Area Workshop: Trade Opportunities and Economic Benefits for Limpopo’s Private Sector

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The Department of Trade, Industry and Competition (the dtic) in partnership with the Limpopo Economic Development Agency (LEDA) will host a workshop on June 9, 2023, at Bolivia Lodge, Polokwane. This workshop aims to expose the Limpopo private sector to export opportunities under the African Continental Free Trade Area (AfCFTA). The event follows a successful inaugural workshop in KwaZuluNatal last week.

afcfta intra-african trade

The African Continental Free Trade Area (AfCFTA)

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The African Continental Free Trade Area (AfCFTA) has been making headlines and sparking interest among business communities across the African continent. The AfCFTA aims to boost intraAfrican trade by creating a single market for goods and services, free movement of people and investments, and eliminate tariffs among African Union (AU) member states.