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Quoted by a press release, President Cyril Ramaphosa said the Agreement is an important step towards South Africa's participation in a market of more than one billion people and will create opportunities and benefits to the country, allowing local firms to export goods and services across the continent.
"It will contribute to the growth and diversification of our economy, creating jobs and reducing inequality and Unemployment, "said Ramaphosa.
The President signed the agreement at the AU summit held on 1 and [2] in Mauritania on 2 July 2018 under the theme" Winning the fight against corruption: a sustainable path towards the transformation of Africa.
To date, the agreement has been ratified by six countries, namely Chad, eSwatini, Ghana, Kenya, Rwanda and Niger.
The ZLEC, unveiled for the first time in Kigali (Rwanda) in January 2018, aims to create a single continental market for goods and services, with free movement of businessmen and investment, and to speed up the establishment of a customs union. [19659006] NM / jn / lb / APA
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