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The Western Cape Provincial Parliament has passed a binding resolution confirming the province’s commitment to securing South Africa’s inclusion in the African Growth and Opportunity Act (Agoa).

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New trade deals with Asian and Middle Eastern markets are still many years away - so South Africa needs to protect its AGOA access, writes Wolfe Braude.

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WTO: a slowdown in world trade growth in 2023

  April 6, 2023

World trade growth is expected to slow this year, dampened by the war in Ukraine, inflation, tighter monetary policies, and financial uncertainty, according to WTO projections released on Wednesday. The outlook for the global economy has improved slightly since the World Trade Organization's most recent trade forecast was released in October, but the pace of trade expansion in 2023 is expected to be "weak".

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South Africa’s diplomatic missions across the globe stand ready to mobilise R2 trillion by 2028, with a particular focus on increasing intra-Africa trade, which stands at 17% of total trade.

 

This is according to the Deputy Minister of International Relations and Cooperation, Alvin Botes, who participated in the debate on President Cyril Ramaphosa's State of the Nation Address (SONA) on Tuesday.

 

Members of Parliament from both Houses gathered at the Cape Town City Hall to debate the address.

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