Question

Is South Africa a member of any global free trade zones?

Does South Africa have a commitment to sustainability?

Specify how these factors can will affect a global marketing plan.

( info must be current please)

Answer 1

On Sunday, African leaders launched a continental free trade zone that, if successful, would unite 1.3 billion citizens, create a $3.4 trillion economic bloc, and inaugurate a new era of growth.

After four years of negotiations, an agreement was reached in March to create a 55-nation trade bloc, paving the way for the African Union Sunday summit in Niger where Ghana was named as the host of the future headquarters of the trade zone and discussions are held on how exactly the bloc would work. It is expected that the African Continental Free Trade Area (AfCFTA), the largest since the foundation of the World Trade Organization in 1994, would help to unlock the long-stymied economic potential of Africa by enhancing intra-regional trade, improving supply chains, and disseminating awareness.

The AfCFTA (African Continental Free Trade Agreement) is a trade agreement in effect between 27 member states of the African Union. It was signed on 21 March 2018 in Kigali, Rwanda. As of July 2019, the agreement was signed by 54 countries. The AfCFTA had to come into force and the African Continental Free Trade Area had to be ratified by 22 nations. The agreement would act as a guideline for incorporating protocols and annexes.

South Africa aspires to be a stable, economically prosperous and self-reliant nation which safeguards its democracy by meeting its people's basic human needs, managing its limited environmental assets responsibly for present and future generations, and advancing integrated planning and governance efficiently and effectively through national, regional and global cooperation This places the nation on a developmental path that inevitably needs to move society towards greater resource efficiency and creativity and the convergence of cultural, economic, environmental and governance systems.

The "substantial principles" address the content and requirements to be met for a sustainable society and are based on principles already enshrined in law and policies. The principles underline a cyclical and process approach to achieving sustainable development and are as follows: Efficient and efficient use of natural resources Socio-economic systems are integrated within and dependent on eco-systems to ensure that resources needed for long-term survival are not lost for short-term gain.

Sustainable development allows people to rely as much as possible on renewable resources (the kind that can be replenished) by extracting power from the sun rather than power from fossil fuels such as oil, coal and natural gas which take millions of years to grow. Sustainable development advocates, in addition to careful stewardship of natural resources, the eradication of inequality and significant income and wealth disparities, the goal of full employment, access to quality and affordable basic services for all South Africans, and the promotion of a sustainable, secure and just community.