Africa: Mega-treaty 'to funnel free-trade fortunes'

The planned creation of a 26-nation African Tripartite Free Trade Area (FTA) will draw industrial investment to South Africa by making it a springboard for low-duty access to other parts of the continent, trade and industry director general Lionel October said. The proposed free trade zone will merge the three regional blocs covering southern, central and eastern Africa. These are the Southern African Development Community (SADC), the Common Market for Eastern and Southern Africa (Comesa), and the East African Community (EAC), which have a combined population of 580-million people.