James Duddridge, the UK’s minister for Africa, signed a memorandum of understanding with Wamkele Mene, the secretary-general of the Africa Continental Free Trade Agreement (AfCFTA) secretariat.
Tanzania on Thursday ratified the agreement establishing the African Continental Free Trade Area (AfCFTA), effectively joining a pact connecting countries with a total gross domestic product of $3.4 trillion.
The Ministry of Trade and Industry says it will not allow Ghana to become a dumping ground for goods from the UK following the Ghana-UK.
Indonesia and the United Arab Emirates announced the start of negotiations for a new free trade and investment agreement, as the two modern Muslim nations seek to take newly forged ties to a new level.
AfCFTA roundtable brought together business leaders, academia, government representatives, trade, and legal experts to discuss and deliberate on dispute issues in implementing the agreement in Nigeria.
Dubai’s trade with Africa has grown by leaps and bounds over the last decade, thanks to several important developments that have established new business links between the emirate and promising markets across the continent.
African leaders still have incentives to maintain the partnership between the two continents, not least because of the trade links and development assistance Europe offers. But they also have a strong interest in revising that relationship.
There is a sense of drift in Africa’s trade relations with the West, as both America and Europe rethink how they do business with the continent. The old approach was paternalistic and gave Africans little say. But the new one, handled badly, could put Africa’s own integration at risk.
AfCFTA was supposed to usher in a new era of continental trade and economic growth—but Beijing’s not letting that happen.
More than 50 African groups denounce how the African Union is using the African Continental Free Trade Area as a justification to push the seed harmonisation agenda.
The India-Africa partnership is set for a major makeover as both sides seek economic self-reliance to insulate their respective economies from external shocks.
The full rollout of the African Continental Free Trade Area (AfCFTA) is being delayed as countries haggle over the overarching agreement on rules of origin and tariff reduction schedules.
The administration of US President Joe Biden has kicked off the Prosper Africa Build Together initiative by requesting $80 million from Congress to build trade and investment between the US and Africa.
The US’s trade chief plans to convene a meeting with African ministers before the end of the year to strengthen partnerships and discuss a law that provides duty-free access to the U.S. for thousands of goods from sub-Saharan nations.
Korean companies will archive market access through regional integration in Africa and East African region if Kenya is made base, according to Betty Maina, Kenya’s cabinet secretary for industrialization, trade and enterprise development.
In a document that was made public this Tuesday, July 6, 2021, it was confirmed that Burundi officially ratified the agreement establishing the African Continental Free Trade Area on June 17, 2021.
Indian companies are flourishing well in overseas. The African Continental Free Trade Area (AfCFTA) provides a window to the Indian companies to tap a unified African market.
Some economists suggest that the liberalization of trade will result in an unequal distribution of losses and profit gains while economically dislocating a large number of workers in import-competing sectors.
The AfCFTA (African Continental Free Trade Area) was launched in New Delhi at the Ghana Embassy with a lot of active commitment from Indian companies to enter Africa and take advantage of the AfCFTA.
This includes the protocols on rules of origin which seeks to deal with the issue of third party exports into the free zone area.