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South African Embassy, Berlin
Tiergartenstr. 18, 10785 Berlin
Tel.: +49-30-22073-0
Fax: +49-30-22073-190

Economy, Topnews, Press

02. July 2018

South Africa Signs Africa Continental Free Trade Area Agreement

South Africa has signed the African Free Trade Area (AfCFTA) agreement with the African Union, which will pave the way for the country to benefit from inter-regional trade within the African continent.

“This agreement is an important step towards South Africa’s participation in a market of over one billion people and will create opportunities and many benefits for South Africa, which would enable South African companies to export goods and services across the continent. It will contribute to the growth and diversification of our economy and therefore create jobs, as well as reduce inequality and unemployment,” said President Ramaphosa.

The President signed the agreement during the AU Summit that took place from 1 - 2 July 2018 in the Republic of Mauritania under the theme “Winning the Fight against Corruption: A Sustainable Path to Africa’s Transformation.”

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