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AfCFTA

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.


Rwanda ratifies Tripartite Free Trade Area agreement
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.
Why Nigerian small manufacturers fear new continental trade deal
Some manufacturers in Nigeria say that wading into the continental market could undermine local players and have negative implications.
Civil society dialogue on Africa’s meeting of 28 June 2019
The preparation of the AfCFTA represents a waste of time and resources for the African States that will reduce the resources which should be concentrated on economic and political strengthening of the Regional Economic Communities.
Economic ’game changer’? African leaders launch free-trade zone
African leaders launched a continental free-trade zone that, if successful, would unite 1.3 billion people and create a $3.4 trillion economic bloc.
Nigeria will sign Africa free trade agreement -presidency
Nigeria will sign an Africa free trade agreement at the coming African union summit, according to a statement posted on the Nigeria presidency’s Twitter feed.
Why Africa’s new free-trade area is great news for Americans
Only one set of trade deals will need to be negotiated with the AfCFTA—as opposed to fifty-five intricately-crafted trade deals with each small African economy.
EU to provide 40 billion euros in grants to help create jobs in Africa
The European Union Commission fully supports the African Continental Free Trade Agreement (AfCFTA) and is proposing a 40 billion Euro package to attract investments that would create at least 10 million jobs in Africa.
We cannot afford to rush into Africa free trade agreement – Buhari
“Africa needs not only a trade policy, but also a continental manufacturing agenda,” Buhari said. “Our vision for intra-African trade is for the free movement of made-in-Africa goods."
Rules of origin key to African Continental Free Trade Area: UN report
Rules of origin must be simple, transparent, business-friendly and predictable to work, said UNCTAD.
Will Africa’s free-trade area live up to the hype?
Africa is moving towards a more integrated, rules-based trade regime, but this is unlikely to transform the continent’s economic prospects
Why Nigeria should sign AfCFTA agreement – AfDB
Nigeria’s failure to sign the Africa Continental Free Trade Area (AfCFTA) agreement may hold the continent back on its economic prosperity drive, the African Development Bank (AfDB) has said.
Africa-wide free-trade deal will help SA’s economy, says Ebrahim Patel
In 2018, SA and other African nations signed the CFTA agreement, which aims to create a single continental market for goods and services
Africa on its way to becoming a free trade zone
The African Continental Free Trade Area Agreement is one of the most ambitious projects of the African Union, and it is now, miraculously, in force. But that’s just the first step. The next phase will be crucial negotiations about the operational framework.
What next after the coming into force of African Free Trade Area
The African Continental Free Trade Area (ACFTA) will be launched on 7 July 2019 in Niamey, Niger, by the Heads of State and Government at an extraordinary summit of the African Union.
The African Continental Free Trade Agreement: Loss of sovereignty, lack of transparency
Rather than making drastic structural changes to the systems of production within Africa, the AfCFTA may intensify the ‘race to the bottom’ between working classes on the continent.
China calls more African countries to join BRI
China is planning to capitalize on AfCFTA to connect African and Chinese markets to promote the free movement of goods, persons, capital and technologies.
Turkish investors see boon in pan-African trade pact
African Continental Free Trade Area expected to pave way for Turkish businesses in to grow on continent
AfCFTA implementation may drag despite becoming operational
The African Continental Free Trade Agreement (AfCFTA) became a binding international legal instrument, even though critical parts of the agreement are yet to be completed.
Interview: Free trade deal to benefit Chinese companies in Egypt, Africa: expert
The African Continental Free Trade Agreement (AfCFTA) is very important for Chinese companies in Africa, particularly in Egypt, an Egyptian economic expert said.
Nigeria to join Africa free trade zone, Trade Minister says
Nigeria will sign the Africa Continental Free Trade Agreement as soon as President Muhammadu Buhari approves an impact-assessment report he asked for, the country’s trade minister said.