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.
Zambia did not sign the African Continental Free Trade Area (AfCFTA) as it was still conducting internal negotiations on some protocols in the agreement.
The creation of a free trade area — billed as the world’s largest in terms of participating countries — comes after two years of negotiations, and is one of the AU’s flagship projects for greater African integration.
Uganda, in many ways like Nigeria, will investigate concerns by a sector of the business community before making major commitments.
Nigerian President Muhammadu Buhari said his government has already commenced wider consultations on the Africa Continental Free Trade Area, CFTA.
It is not yet clear why Museveni decided to cancel the trip, but local commentators believe that this suggests the deterioration of relations between Kigali and Kampala.
Nigerian President Muhammadu Buhari will not attend the African Union summit in Rwanda because certain key stakeholders in Nigeria indicated that they had not been consulted.
The Manufacturers Association of Nigeria urges the Nigerian government not succumb to the pressure by the European Union to sign the EU-ECOWAS Economic Partnership Agreement as well as the African Continental Free Trade Area.
Organised labour pleaded with President Muhammadu Buhari not to sign the African Continental Free Trade Agreement CFTA.
Africa Ministers of Trade have approved an agreement to give local traders access to the continental trade market.
An extraordinary summit of the African Union is scheduled to be held in Kigali, Rwanda on 21 March 2018 to consider and sign the Framework Agreement Establishing the African Continental Free Trade Area (CFTA).
The upcoming 30th Ordinary Session of the African Union (AU) Assembly of Heads of State and Government from January 28 to 29 is expected to receive a progress report on the status of negotiations of the African Continental Free Trade Area.
Free trade agreements represent a powerful source of pressure to privatise seeds and people’s knowledge connected to seeds.
Ministers of Trade from the African countries approved the broad structure of the Agreement.
Namibia is not ready to engage in the proposed African Continent Free Trade Area (CFTA), said the stakeholders present at the national level consultation on the initiative.
Report: Assessing the distributional impacts of an agreement such as the CFTA is crucial to ensure that human rights and trade are complementary.
In a tumultuous year for the global trading landscape, negotiations for a huge Africa-wide free trade area — the Continental Free Trade Area, combining the economies of 55 states comprising 1.2 billion people in a market with a GDP of $2.19 trillion — are progressing rapidly.
Nineteen countries have now signed the agreement. For benefits to actually be realized, it must be ratified by at least 14 of the 26 member countries. Only Egypt has ratified it.
A paltry eight African have so far ratified the Tripartite Free Trade Area (TFTA) more than two years after it was launched in Egypt, raising fears of a failed continental effort to create an expanded trade barrier free market.
Africa has moved an inch closer to realising the dream of a continent with a free trade area despite persisting stumbling blocks, if the third African ministers of trade meeting held in Niger is to be scrutinised.
The roadmap of the Continental Free Trade Area (CFTA) was adopted by the African Union in 2012 and the decision to launch the negotiations in June 2015 at the 25th Summit of the African Union, with the aim of implementing it by the end of 2017.