The Department of Agriculture, Land Reform and Rural Development International Trade directorate, Sphamandla Mazibuko said the potential trade opportunities the AfCFTA would bring to the agriculture sector included expanding South Africa’s agricultural exports away from the SADC concentration and into the rest of the continent.
According to the World Bank, agriculture is central to Africa’s development agenda and has the potential to contribute positively to the realisation of the Sustainable Development Goals more especially those aimed at ending poverty, hunger and starvation. The organisation states that South African agricultural exports to Africa have outperformed this growth, increasing from R4.8-billion to R52.7-billion over the same period – an average growth of 14.7% per annum.
Tshepo Morokong, Agricultural Economist at the Western Cape Department of Agriculture said the AfCFTA presents the South African agricultural and agri-processing sectors with access to previously inaccessible markets and improved ease of access to existing markets.
Source: News Formal (newsformal.com)
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