South Africa will motivate for the extension and renewal of the US preferential trade framework the African Growth and Opportunity Act (AGOA) for itself and other African countries.
The top US trade official said renewing the nation’s preferential access programme for African products without changes counters the Biden administration’s objectives in global commerce.
This past summer, the global trade regime finalized details for a revolution in African agriculture. Under a pending draft protocol on IPR, the trade bodies sponsoring the AFCFTA seek to lock all 54 African nations into a proprietary and punitive model of food cultivation.
A memorandum of understanding (MoU) was signed in December 2022, between the United States (US) trade representative and the AfCFTA Secretariat at the US-Africa Leaders’ Summit (Summit) in Washington DC.
In order for businesses to fully take advantage of the opportunities provided by South Africa being part of BRICS and Africa, several infrastructure challenges have to be overcome, which the African Continental Free Trade Agreement (AfCFTA) could help solve.
Kenya’s ratification of a bilateral investment treaty with Singapore is set to enhance trade and investment relations between the two nations.
Accelerate the construction of a large African trade zone free of customs duties, in particular. This is what Comorian President Azali Assoumani, who this year holds the presidency of the African Union, is committed to.
The African Union is putting the finishing touches to the draft protocol on intellectual property rights to the agreement establishing the African Continental Free Trade Area.
Nigeria’s intra-African trade value dipped 11.95 per cent year-on-year (YoY) from N956.93 billion in the first quarter of 2022 (Q1 2022) to N842.6 billion in Q1 2023, despite operation of the African Continental Free Trade Area (AfCFTA) since 2021.
The Lekki Deep Sea Port seeks to position Nigeria for the big gains of the African Continental Free Trade Area (AFCFTA), competitive transhipment, and status upgrade, but local communities want a share of this prosperity and protection.
Nigeria’s intra-African trade has continued to underperform expectations despite the commencement of the African Continental Free Trade Area (AfCFTA) as the trade value fell Year-on-Year (YoY) to N842.6 billion in the first quarter of 2023 (Q1’23) 11.95 percent down from N956.93 billion in Q1’22.
Mr David Ofosu-Dorte, Senior Partner, AB and David Africa, has urged African public sector players not to be too excited yet about the African Continental Free Trade Area’s (AfCFTA) progress.
African countries should prioritise upskilling and digitising the public service in order to accelerate
implementation of the African Continental Free Trade Area (AfCFTA) protocols, especially in areas where tariff phasedown has been agreed.
The African Growth and Opportunity Act (AGOA), which allows duty- and quota-free exports from eligible African countries into the United States, is due to expire in 2025.
State parties consider whether to turn to traditional methods of investment dispute settlement mechanisms or more innovative solutions, such as an African investment court.
The African Development Bank has granted Madagascar $1.5 million in view of helping the African country work on its adherence to the African Continental Free Trade Area (AfCFTA), local media “Madagascar Tribune” reported.
The Economic Community of West African States (ECOWAS), in collaboration with the United Nations Development Programme (UNDP) and the International Trade Centre (ITC), organized a regional capacity building workshop for Master Trainers from Business Associations on AFCFTA.
With the Protocol on Investment (POI) to the agreement establishing the African Continental Free Trade Area (AfCFTA) adopted, the next question is, ‘ What’s in it and what’s next for the Continent”?
Kenya has committed to becoming the preferred gateway to the African Continental Free Trade Area (AfCFTA).