RAMAPHOSA TO ATTEND AU SUMMIT IN RWANDA TO LAUNCH AFRICAN FTA

PRETORIA– President Cyril Ramaphosa will lead the South African delegation to the 10th Extraordinary Summit of Heads of State and Government of the African Union (AU) in Kigali, Rwanda, on Wednesday.

The Presidency said in a statement here Monday that Summit will that will consider and conclude issues related to the African Continental Free Trade Area (AfCFTA) legal instruments and launch the agreement establishing the AfCTA.

South Africa is committed to the establishment of an AfCFTA that will boost intra-Africa trade in accordance with the aspirations of the African Union’s Agenda 2063, said the Presidency.

The AU session was preceded by an Extraordinary Session of the Executive Council on Sunday and Monday to consider the AfCFTA legal instruments and the launching of the agreement establishing the AfCFTA.

President Ramaphosa will be accompanied by Minister of International Relations and Co-operation Lindiwe Sisulu, Minister of Trade and Industry Rob Davies and his deputy, Bulelani Magwanishe.

Earlier this month, Davies and Magwanishe attended the AU Ministers of Trade (AMOT) meeting which resulted in the agreement to establish the AfCFTA being reached.

The AfCFTA, which will offer an opportunity to create a bigger market and to improve the prospects of the continent’s ability to attract investment, was among the key issues discussed by Ministers at the meeting.

Negotiations on the AfCFTA were launched in Johannesburg, South Africa, in June 2015.

Source: NAM NEWS NETWORK