PRETORIA– South African Trade and Industry Minister Rob Davies has left for Niamey, Niger, where he participating in the 3rd African Union (AU) Ministers of Trade Meeting, which is considering, among other matters, the progress made in negotiations to establish the Continental Free Trade Area (CFTA).
The meeting, which will also discuss preparations for the 11th Ministerial Conference of the World Trade Organization (WTO), was officially opened here Thursday by Nigerien President Mahamadou Issoufou, who was appointed the “Champion of the CTFA”. The meeting concludes on Friday
Davies said the CFTA, which is currently under negotiation, can be a driver of structural transformation for sustained economic growth, as well as enhanced intra-Africa trade and investment. “South Africa is therefore committed to a co-ordinated strategy to boost intra-Africa trade and to build an integrated market in Africa that will see a market of over 1 billion people and approximately US$2.6 trillion.”
The second meeting of the AU Ministers of Trade, which was held in November 2016 in Addis Ababa, Ethiopia, adopted the Terms of Reference for the Technical Working Groups for the CFTA negotiations.
The African trade ministers will also make use of the opportunity to discuss the state of play in the WTO negotiations and the implications for Africa’s development priorities and the CFTA.
Source: NAM NEWS NETWORK