Public Management

South Africa’s govt launches new mechanism to boost exports

South Africa’s govt launches new mechanism to boost exports
Tuesday, 01 September 2020 16:19

The South African government launched today a new mechanism to improve the country’s export environment. The good news was reported by Lerato Mataboge (pictured), the Deputy Director-General of export development of the Trade Department.

The newly launched Export Barriers Monitoring Mechanism (EBMM) is designed to help local businesses overcome the barriers to exports more effectively and flexibly. It is expected to make the country more competitive in both the regional and international markets, especially in this tough economic context exacerbated by the covid-19 pandemic.

The implementation of this mechanism is taking place amid the operationalization process of the African Continental Free Trade Area (AfCFTA). Indeed the implementation of the AfCFTA was postponed to next year due to the coronavirus pandemic which has forced countries to close their doors and to set barrier measures, thus disrupting international trade. With the operationalization of the single market, African countries hope to recover more quickly from the crisis thanks in particular to an improvement in intra-continental trade.

“While our priority must be to work progressively to smoothen these barriers, the experience of the last decade of trade has demonstrated that we need to be prepared to manage this growing complexity.

Increasingly, a key component of global competitiveness will be how we manage a constantly changing global trading environment. Managing this environment will only be possible through a close working partnership between the government and the private sector,” Lerato Mataboge said.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
• Bassirou Diomaye Faye denounces credit rating agencies’ methodologies as ill-suited to African contexts.• Senegal urges reforms to enable fairer...
(AfDB)-The Board of Directors of the African Development Bank Group has approved a $474.6 million loan for South Africa's Infrastructure Governance...
New card enables African payments without using US or European networks Aims to lower costs, protect financial data, and boost intra-African...
• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société Générale Burkina Faso (SGBF).•The move is part of...
Most Read
01

Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...

Telecoms: Lebara Enters Nigerian Market with Strong Competitive Ambitions
02

• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...

Israel-Iran conflict raises new threats for global shipping and oil trade
03

• Gates Foundation commits $1.6 billion over five years to Gavi.• Bill Gates warns of rising ch...

Gates Foundation Pledges $1.6 Billion to Gavi to Boost Global Child Vaccination
04

In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...

In Five Years, Francophone Africa Will be A Major Force in African Tech –Régis Bamba
05

Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...

Côte d’Ivoire’s Fuel Price Cuts Haven’t Slashed Transport Costs–Yet
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.