Cheap imports threaten survival of SA’s small farmers JOHANNESBURG
effective implementation, development and may also said Sebera, who is also an have different understanding expert in international trade of the AfCFTA objectives, and development factories industry. having to Sebera close said.
Nigeria, Africa’s permanently. largest He also said awareness economy, has “This so far will opted have a and sustained sensitization of not to ratify negative the agreement. impact on stakeholders production should be
Over 50 and percent could of the also result a continuous in further activity continent’s job cumulative losses GDP in the sector,” before and they during the are contributed by Egypt, implementation process.
warned in the report.
Nigeria and South Africa, The private sector and
The report also showed while Africa’s six sovereign business community island nations that collectively manufacturing have firms to play who a key role contribute took just 1 part percent, in the survey in the implementation expect according conditions to reports. to worsen process, in the whose
African countries coming months. The proper index understanding are at different tracking levels expected of and business contribution are
conditions in six months’ time of countries, covering more than 1.2 billion people, with a combined gross domestic product (GDP) of 2.5 trillion U.S. dollars.
Once operational, the African free trade accord is also projected to boost the level of intra-Africa trade by more than 52 percent by the year 2020, according to the United Nations Economic Commission for Africa.