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African leaders establish continental free trade area

TE Kenye

The ANC hails the historic milestone of the signing of an agreement establishing the African Continental Free Trade Area in Kigali, the capital city of Rwanda, on Wednesday, 21st March 2018, by forty-four (44) African countries, thus ushering Africa into a new dawn in in its march towards greater integration and closer unity. South Africa signed the Kigali Declaration for the Launch of the African Continental Free Trade Area and will sign the agreement in due course, after the legal and other instruments associated with the African Continental Free Trade Area are processed and ratified by South African stakeholders and Parliament.

The ANC believes that the creation of a single continental market for goods and services with free movement of businesses and investments, will progressively eliminate tariffs on intra-African trade, making it easier for African businesses to trade within the continent. It is thus important to accelerate the legal processes and ratification in order for South Africa not to be included in this historic moment so that it can play a meaningful role in contributing to the African agenda industrialisation and African integration.

I thank you

     
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