Pretoria to São Paulo: Africa’s Single Market Opens a Trade Door for Latin America

Rio Times · Analysis

Key Facts

—The MERCOSUR Bridge The preferential trade agreement between SACU and MERCOSUR, in force since 2016, gives Brazil and Argentina direct tariff advantages into Southern Africa’s customs union.

—South Africa’s US$30 Billion Halo South Africa exported about US$30 billion to the rest of Africa in 2022, accounting for 24% of its total exports and proving the continent is its most dynamic trade frontier.

—AfCFTA’s 1.3 Billion Consumer Market The African Continental Free Trade Area aims to slash tariffs on 90% of goods, creating a single market larger than North America and Europe combined.