CAPE TOWN – Support for the African Continental Free Trade Area (AfCFTA) agreement formed part of discussions at the 42nd General Assembly of the International Organization for Standardization (ISO), currently underway in Cape Town.
“It is expected that with the reduced barriers to trade, the growth in intra-Africa trade, of an estimated US $2 trillion, will be traded internally within the next year,” said the South African Bureau of Standards (SABS).
The AfCFTA was officially launched into its implementation phase at a Special AU Summit in Niamey, Niger, in July after 54 African countries signed the agreement and 27 countries ratified it. The AfCFTA will be implemented in 2020.
South Africa is hosting the weeklong gathering of several African National Standards Bodies (NSBs).
Speaking on the first day of the gathering, SABS acting chief executive, Garth Strachan, said standards bodies across the region should develop common systems and standards that sustainably support social, economic, trade and industrial integration.