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On 18th September 2017, African Ministers of Trade gathered at the African Union headquarters in Addis Ababa, Ethiopia for discussing on priority issues for the continent in the current Doha Development Round. They also discussed new issues currently being proposed in the World Trade Organisation (WTO), such as e-commerce, transparency and investment facilitation and the meeting was jointly hosted by South Africa's Trade and Industry Minister Rob Davies and the African Union Commission.
The meeting also preceded the 11th WTO Ministerial Conference (MC 11), which will be held in Buenos Aires, Argentina, in December. 11th WTO Ministerial Conference will be based on the Doha Development Agenda (DDA). The DDA is the latest trade negotiation round of the WTO, which commenced in November 2001. Its objective is to lower trade barriers around the world to facilitate increased global trade.
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On 26th September 2017, Trade and Industry Minister Rob Davies of South Africa said that the establishment of one-stop shop called Invest SA was to support investors looking to come into the country.
The Minister was addressing an American business delegation, led by Ambassador Andrew Young, to the Union Buildings in Tshwane. The Minister also provides tax incentives for approved investors.
Investsa one-stop shop lowers the cost of doing business and eases the degree of difficulty in doing business in the country by providing strategic guidance, reducing regulatory inefficiencies and cutting red tape for investors.
President Jacob Zuma launched the national Investsa one-stop shop for investors at the premises of the Department of Trade and Industry in Tshwane in March. This was followed by the launch of the provincial one-stop shop office in the Western Cape in early September.
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