The Southern African Customs Union, Mozambique and the European Union have started talks to conclude a new economic partnership agreement with post-Brexit Britain.
The TFTA seeks to establish an enlarged market involving 27 member countries from the Common Market for Eastern and Southern Africa, the East African Community and Southern African Development Community.
The Economic Partnership Agreement (EPA) between the European Union and the Southern Africa Development Community (SADC) became the first regional EPA in Africa to be fully operational after its implementation by Mozambique.
Botswana signed a tripartite free trade area agreement which marked a milestone in the trade agenda of the African Union.
The Protection of Investment Act affords foreign investors no protections beyond domestic law, and pointedly disavows investor-state international arbitration. The SADC Protocol was also amended by the SADC Summit of heads of state and government.
So-called SPS – Sanitary and Phyto-sanitary – issues identified as the main culprit. "Sometimes ostensible SPS issues were in fact disguised trade protectionism," said South Africa Trade Minister.
Namibia is not ready to engage in the proposed African Continent Free Trade Area (CFTA), said the stakeholders present at the national level consultation on the initiative.
The Singapore High Court has set aside an investor-state arbitral award on the merits against the Kingdom of Lesotho. The case is an important one, as it concerns whether investors can use arbitration to resolve cases that were pending before the SADC Tribunal when it was dissolved by the SADC Summit in 2014.
The Ugandan Cabinet has approved the ratification of the EAC-COMESA-SADC Tripartite Free Area Agreement (FTA), paving way for the implementation of the Agreement.
The Tripartite Free Trade Area will comprise 28 countries, cover approximately 18.3 million square kilometers and hold about 61 percent of the continent’s population.
The United Kingdom has reaffirmed its commitment to continue trading with SADC EPA countries under the current trade arrangement despite its withdrawal from the European Union (EU).
The agreement brings together three regional economic communities – COMESA, EAC and SADC – into a single free trade area covering 57% of Africa’s population with a combined GDP of US$1.3 trillion as of 2015
Namibia will soon sign the Trade Related Facility Financing Agreement with the SADC Secretariat to enable the country to develop a plan for implementing the EU Economic Partnership Agreement (EPA).
Nineteen countries have now signed the agreement. For benefits to actually be realized, it must be ratified by at least 14 of the 26 member countries. Only Egypt has ratified it.
Ministers from 26 African countries are meeting in Kampala in another attempt to see through overdue negotiations on the Tripartite Free Trade Area (TFTA).
A paltry eight African have so far ratified the Tripartite Free Trade Area (TFTA) more than two years after it was launched in Egypt, raising fears of a failed continental effort to create an expanded trade barrier free market.
Plans to establish a single market for the 26 African countries in the Eastern and Southern African region – known as the tripartite free trade area (TFTA) – could be overly ambitious.
The EU has been pressuring the ACP countries (Africa, Caribbean and Pacific) to sign and implement EPAs that would be destructive for these countries.
South African poultry producers are fully justified to accuse the EU of dumping.
The SADC poultry producers are suffering heavily from the competition of imports given that poultry is the first agricultural sector and that per capita consumption is one of the highest in the world.