ONYEBUCHI MEMEH It’s time for SA to replot free-trade and investment trajectory

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For the African agreement to be completely effective negotiations on several issues must still be concluded

SA's economy has become a fast-changing macroenvironment, still reeling from the economic shock of the pandemic and extensive international travel restrictions. The exponential global movements towards zero carbon and coal phase-out pose a significant challenge to the country's well-documented power-generation issues.

Early evaluation is good, but the pace and content could benefit from improvement. If it hasn't previously been discussed, there may be merit in negotiating the second and third phases concurrently, and prioritising third-phase discussions as digitalisation is becoming a fundamental driver of global trade growth.

In addition, SA should encourage the adoption of regulations aimed at expediting these processes and promoting commerce and economic advancement through the use of best practices.

 

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