AfCFTA is a proposed trade agreement involving all 54 African Union member states. The continental agreement seeks to enhance trade liberalisation, deregulate services and remove tariff and non-tariff barriers. The negotiations were launched in June 2015 and the deal was signed in March 2018 by 44 nations.
Minister of Industry, Trade and Investment, Adeniyi Adebayo, has warned that Nigeria will not tolerate smuggling and importation of substandard products.
It is more reasonable to concentrate on building regions and industrialising before attempting the African free trade area.
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.
Should AfCFTA member states opt for an ISDS mechanism, a reformed mechanism should be expected.
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.