The President was delivering remarks at the US - South Africa Trade and Investment Business Roundtable Dialogue in New York on Monday.
President Ramaphosa said he was pleased to hear that the US Africa Business Council and BUSA will be hosting the inaugural business and investment forum on the margins of the AGOA Forum scheduled to be held in South Africa in November 2023. He said in recent decades, a more open, rules-based trading system, complemented by deeper levels of cross-border investment, has helped to sustain and grow global GDP.
"We believe that the voices advocating greater dialogue and continued economic engagement between nations need to be strengthened," he said.Turning to the trade and investment agenda, President Ramaphosa said that they are finalising the modalities for the imminent launch of trade under the African Continental Free Trade Area.
He emphasised that the US remains a very important economic partner in trade and investment, with great potential to further expand economic ties.