Local companies should see rest of Africa as a key market, says Rob Davies
Speaking at the inaugural Intra-Africa Trade Fair, he said intra-African trade remains very low compared to other major regions in the world
Trade and industry minister Rob Davies has urged local companies to consider the rest of Africa as a key market, especially for trade in value-added products. Davies was speaking at the launch of the South African pavilion in Cairo, Egypt this week during the inaugural Intra-Africa Trade Fair (IATF). He said the trade fair provides a platform for sharing trade, investment and market information, and enables buyers and sellers, investors and countries to meet, discuss and conclude business deals. Intra-African trade remains very low compared to other major regions in the world such as the EU and Asia. In July, SA joined almost 50 other countries on the continent in signing the Continental Free Trade Area (CFTA) agreement that aims to create a single continental market for goods and services, with free movement of business persons and investments. With about 1.2-billion people on the continent, the agreement is set to create one of the largest free trade market zones in the world. Dav...
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