Following intensive negotiations the [Trade, Development and Cooperation Agreement] between the European Union (EU) and South Africa was finally signed in Pretoria on 11 October 1999. The agreement, which will establish a free trade area between the parties over the next twelve years liberalising about 95% of trade, will have long-term benefits and commercial advantages for both sides. In particular, it will give South Africa preferential access to the world's largest market, opening up important opportunities for South African companies in sectors such as textiles and clothing, chemicals, food and vegetables.
The Summit of the Americas (April 2001, Quebec City) was a meeting of the 34 national governments of every country in North, Central, South America and the Caribbean (except Cuba). There was a discussion to extend the North American Free Trade Agreement (NAFTA) throughout the Americas to form the Free Trade Area of the Americas (FTAA) by 2005.