The GCC states are drawn to the African states’ promise, especially as the new continental trade deal will facilitate opportunities and unlock growth in parts of Africa that were previously difficult to access.
The United States and the African Union share a mutual desire to pursue deeper trade and investment ties, eventually leading to a continental trade partnership between the United States and Africa.
The African Union Commission’s high representative on Cotonou has warned that keeping the ACP framework will make it harder for the EU to agree on a ‘continent-to-continent instrument’.
This study identifies issues and challenges of the African Continental Free Trade Area (AfCFTA), with a focus on East Africa.
Member states are currently engaged in negotiations on issues that are essential for trade in services under the AfCFTA to begin.
In Burkina Faso, many businessmen are concerned about the challenges of implementing the African Continental Free Trade Area (AfCFTA), a vast space of more than a billion people.
India is increasing its engagement with Africa. Since 2014, there have been 32 outgoing high-level visits from India to Africa.
The agreement will have positive spin-offs for the SA beef industry, said one of South Africa’s leading beef producers.
With the July 1, 2020 launch of the African Continental Free Trade Area approaching, 90% of outstanding issues on the rules of origin and tariff guidelines have been resolved.
The TFTA will also be a building bloc for the African Continental Free Trade Area, COMESA official said.
This policy brief focuses on the expected economic impacts of tariff liberalization under the AfCFTA.
Major new opportunities for cross-border energy collaboration arise from the signature of the African Continental Free Trade Area (AfCFTA) agreement.
India and Mauritius are close to finalising the proposed bilateral free trade agreement that got delayed due to apprehensions amongst domestic players in both countries.
Indonesia has caught the African fever, but with AfCFTA, it can do a lot more and faster in tapping the growing economic and business opportunities on offer
The AfCFTA entered into force on May 30, 2019 for all States that have ratified the Agreement. Trading under the agreement will begin on July 1, 2020.
The African Union prefers a continent-wide deal with the US while the US wants bilateral deals when AGOA expires.
Nigerian President Muhammadu Buhari has approved the establishment of a committee to implement the country’s participation in the African Free Trade Agreement.
Analysts and businesspeople in the six-member Central African Economic and Monetary Community say that although the African Continental Free Trade Area brings hope for pan African trade, they are not sure CEMAC will be fully implemented anytime soon.
Members of the Lower House approved the agreement establishing a Tripartite Free Trade Area among the Common Market for Eastern and Southern Africa, the East African Community, and the Southern African Development Community.
Some manufacturers in Nigeria say that wading into the continental market could undermine local players and have negative implications.