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The BRICS Ministers of Industry signed on Wednesday a declaration on the implementation of the Digital Industrial Revolution (DIR).
Ministers met Wednesday at the Africa Pride Mount Grace hotel in Magaliesburg South Africa's Trade and Industry Minister, Rob Davies, said his counterparts and officials discussed issues of skills development and capacity building for the Fourth Industrial Revolution or DIR
. declaration. The bottom line is that we talked about BRICS partnerships to prepare us all for the Fourth Industrial Revolution and to ensure that the benefits are largely defused and outweigh the risks. and the disadvantages, "he said. said the minister, it would require cooperation and active intervention for the goal to be achieved.
"This does not happen by default, it needs a proper framework in which these technologies have begun to emerge," Davies said.
Establishment of an Advisory Group
Ministers also decided to establish an advisory group developing a program to give effect to cooperation in six areas.
"One of them is the field of political and regulatory frameworks.Other is the possibilities of cooperation in advanced technical skills and training, exchange of Information on best practices in digitization, capacity building, projects ensuring inclusive and equitable growth for greater synergy of human and financial resources, and will work closely with the BRICS Advisory Board. " , he added, adding that the BRICS Business Council will meet on July 23 in Durban
.
African Free Trade Area
Meanwhile, Minister Davies said that South Africa had signed an agreement with the African Union on the area of African Free Trade Agreement (CAFTA).
"It's a very important and strategic development," said the minister at Wednesday's briefing. The agreement will enable the country to benefit from interregional trade on the African continent.
It is expected that the agreement will contribute to the growth and diversification of the South African economy and will therefore create jobs, as well as
President Cyril Ramaphosa signed the "Unemployment". agreement at the AU Summit held from 1 to 2 July 2018.
"The AfCFTA aims to boost intra-regional trade which is very much Low levels of about 12% of total trade … it is very low compared to other regions.Berhind this hides a vision of many of us that it is by creating a big market and imitating what China is doing now turn to its domestic market when commercial conditions become tendentious "
This can create a large market This will allow the emergence of value chains and" will help us all to move up the value chain from the production of primary products to industrial products ".
AGOA Forum
The government announced in March 2016 that it had concluded negotiations on poultry, beef and pork with the United States, a decision that led to the conclusion of the Law on Growth and Opportunity of Africa (AGOA). close months of talks with the United States on the conditions required for South Africa to secure its position at AGOA
In November 2015, US President Barack Obama has announced the duty-free entry of South African agricultural exports under the AGOA would end if South Africa's sanitary restrictions on poultry, beef and pork imports to United States were not lifted until January 4th. However, the deadline has been extended to March 15, 2016.
On Tuesday, Davies said that the AGOA was not a negotiated agreement.
"This is a series of concessions offered to countries, an act of Congress [US] .There will be a lot of discussion." The AGOA underlies a relatively balanced trade agreement between us [and the US] and we say that if it is not broken, it does not need to be repaired.It is our message. "
The AGOA is a legislation that offers duty-free access to the United States. countries in sub-Saharan Africa eligible by granting preferences on more than 4,600 products. The AGOA was re-authorized in June 2015 for 10 years until 2025, with the inclusion of South Africa. – SAnews.gov.za
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