- On 27 May 2021 | 12:00:00
Media Article – Launch of KZN’s Africa Export Opportunities
The KwaZulu Natal Provincial Government under the Department of Economic Development, Tourism and Environmental Affairs (EDTEA) and in collaboration with Trade and Investment KwaZulu-Natal (TIKZN) will launch KZN?s Africa Export Opportunities on the 25th May 2021. This event is in response to the recently launched African Continental Free Trade Area (AfCFTA) with trade commencing as of 1 January 2021.
KZN?s Africa Export Opportunities was compiled by TIKZN to determine the viability of indigenous companies and businesses operating in the KZN region venturing into the rest of the Africa or expanding trading activity on the continent. The rest of Africa presents tremendous opportunity to grow trade and there is opportunity to improve on existing potential from untapped markets in countries further up north of the continent, from the auspicious African Continental Free Trade Area (AfCFTA) agreement. This Strategy captures the overall approach employed by TIKZN in encouraging cross-border trade amongst businesses in KwaZulu-Natal, and specifically provides an overview of KZN?s export productive capacity, by broadly identifying the export base or potential products being exported to Africa. During the Launch of the KZN?s Africa Export Opportunities we will have an opportunity to unpack the AfCFTA and KZN?s Africa Export Opportunities so that we are able to appreciate the opportunities within these instruments. There will further be a look at the financial and non-financial support that?s available from the various stakeholders to drive and promote an increase in Intra-Africa Trade. This Export Opportunities is consistent with promising opportunities presented by the African Continental Free Trade Area (AfCFTA) agreement, and proposes a shared approach between TIKZN and KZN business community, whereby companies can directly or indirectly venture into ?greenfield markets? or markets that have never been commercially exploited, with their existing matured products or less matured products; grow market share in already established African markets for their matured products or less matured products; or enter existing African markets with new products (greenfield opportunity). Hopefully, businesses that are already exporting to the rest of the continent, and those still planning to do so, will find KZN?s Africa Export Opportunities useful in their quest to grow continental sales and remain sustainable, with positive implications on jobs and economic growth. Entities that are keen to attend this event online can register on the following link https://www.tikzn.co.za/africa-export-strategy.