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South Africa: Southern African Development Community (SADC) Protocol on Trade in Services
Source: Issued by: Government Communication and Information System (GCIS)
Source Date: Tuesday, July 16, 2013
Country: South Africa
Created: Jul 16, 2013

Liberalisation of services in the SADC countries will create many opportunities for South African service suppliers. In many lesser developed countries, there is a distinct shortage of quality and efficiently priced services to underpin all other economic activity.

Ms Williams said, “South Africa is well placed to utilise such opportunities and by doing so, to contribute to economic development in Africa.”

Negotiations will initially focus on six key service sectors, namely: construction, transport, energy, tourism and financial services. The envisaged liberalisation seeks to eventually cover all sectors and modes of supply.

In order to feed the nine billion people expected by 2050, global food production must increase by 70%. However, climate change is expected to reduce food crop yields by 16% worldwide and by 28% in Africa. Price and yield volatility will continue to rise as a result of extreme weather events, hurting livelihoods and putting food security at risk.

The SADC Protocol on Trade in Services was approved by the 32nd SADC Summit of Heads of State and Government in Maputo, Mozambique in August 2012.

Following approval by the National Assembly and the National Council of Provinces, the SADC Protocol on Trade in Services will then be binding on the Republic of South Africa.
Enquiries:
Phumla Williams
Cell: 083 501 0139
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