IATF 2021

South Africa: Ramaphosa calls on peers to ratify AfCFTA to make ‘Made in Africa’ a reality 

By Xolisa Phillip

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Posted on November 16, 2021 13:43

WhatsApp Image 2021-11-16 at 14.47.59 © South Africa’s Cyril Ramaphosa speaks at the opening of IATF 2021. (Photo supplied by IATF2021)
South Africa’s Cyril Ramaphosa speaks at the opening of IATF 2021. (Photo supplied by IATF2021)

South Africa’s President Cyril Ramaphosa has appealed to states that have not ratified the African Continental Free Trade Area (AfCFTA) agreement to do so, urged a speedy resolution of outstanding issues, and made a clarion call for the domestication of the landmark trade framework.   

A total of 39 out of 55 countries have deposited their instruments of ratification for the historic agreement, which establishes the biggest single trade area globally, comprising 1.3 billion people and a cumulative GDP of $3.4trn.

South Africa’s neighbours, Botswana and Mozambique, as well as Morocco and Sudan, are among the 16 states whose instruments of ratification remain outstanding.

President Ramaphosa made the appeal during the official launch of the seven-day Intra-African Trade Fair (IATF) 2021 at the Durban Convention Centre in KwaZulu-Natal.

The South African coastal city took over hosting duties from Kigali, Rwanda, after the latter’s government failed to complete an exhibition centre because of constraints resulting from the outbreak of Covid-19.

The original agreement that helped found the AfCFTA was signed in Kigali. Trading under the AfCFTA started on 1 January 2021.

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