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South Africa

South Africa

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South Africa has signed several agreements with its trading partners in recent years. South Africa maintains a number of bilateral and regional trade and investment agreements with African countries, as well as key international partners, in terms of the Customs and Excise Act, 1964. The country is also a beneficiary of a number of non-reciprocal trade arrangements, including the African Growth and Opportunity Act and the Generalised System of Preferences.

South Africa is a founding member of the Southern African Customs Union (SACU) and the Southern African Development Community (SADC). The country participated in negotiations which led to the signing of the COMESA-EAC-SADC Tripartite Free Trade Area (TFTA) in June 2016 and is currently engaged in the negotiations towards the conclusion of a Continental Free Trade Area (CFTA). South Africa also engages with fellow members of the so-called BRICS (Brazil, Russia, India, China and SA) in various economic and trade-related areas.


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