AfCFTA is a free trade area among 54 of the 55 members of the African Union. The agreement was negotiated by the African Union and signed in 2018. Earlier this year, the African Union announced that AfCFTA would be effective on 1 January 2021. Bilateral trade and investment between Turkey and South Africa are expected to intensify as both countries recover from the effects of the new coronavirus, the Turkish ambassador to South Africa said. Turkey is in a temperate climate belt, there are differences between regions. Coastal regions have a moderate marine climate, while inland regions surrounded by mountains have a continental climate. The Mediterranean region, under the influence of the Mediterranean climate, has hot, dry summers and mild and rainy winters. The Mediterranean climate is also evident in the Aegean region and in the southern Marmara region. The Black Sea region is dominated by a more temperate and rainy marine climate. Inland regions, summers are warm and slightly rainy, and during winter, cold and snowy winters, there is a steppe climate.
In the eastern Anatolia region, summers are cool and winters are very cold and snowy. In the southeastern Anatolia region, while summers are hot and dry, winters are not very cold. For more information on trade statistics between South Africa and Turkey, visit the website of the Ministry of Trade, Industry and Competition in South Africa. NOTE: There is a discrepancy between the trade figures cited by customs authorities and excise authorities and the Turkish authorities. This is mainly due to the fact that the SA figures show the trade figures on the basis of the “first destination country”, while the Turkish figures show trade figures based on the “country of origin of origin”. In today`s world, countries tend to enter into bilateral and regional free trade agreements, as the World Trade Organization (WTO) has achieved a high level of liberalization, with insufficient WTO rules under current conditions and an inefficient multilateral trading system to allow better market access. As a result of this trend, some 400 free trade agreements are being notified to the WTO. Ulgen also pointed out that there are several Turkish companies operating in South Africa through their wholesale and retail businesses, adding that bilateral investment would continue to improve if economies recovered in the post-COVID-19 period. Turkey, a party to the 1947 General Agreement on Tariffs and Trade (GATT) and a member of the World Trade Organization (WTO) since 1995, implements free trade agreements in accordance with Article XXIV of the 1947 GATT. Under this article, Turkey could give its trading partners more favourable treatment within the framework of a customs union or free trade area, without extending this treatment to all WTO members, subject to certain conditions. Turkey is one of South Africa`s main trading and investment partners in Central and Eastern Europe.
The volume of bilateral trade between SA and Turkey increased by 39% to $669 million between January and June 2011, or $482 million for the same period in 2010. Bilateral trade between Turkey and South Africa amounted to $1.3 billion in 2019. Turkey negotiates and concludes free trade agreements with third countries in parallel with the global trend towards free trade agreements and its commitment to the customs union.