Underscoring India’s commitment towards growth in relations with Africa, New Delhi said the country’s businesses could benefit from the African Continental Free Trade Agreement that was gathering pace.
The AfCFTA will offer a huge opportunity for UAE investors who will be able to do business on a single set of trade and investment rules across the African continent.
The outstanding negotiations will be finalized through a new African virtual trade-diplomacy platform that is being developed as a public-private partnership between the African Union Commission and more than 20 African multinational companies.
Initially planned to take place on 1 July 2020, the implementation of the African Continental Free Trade Area (AfCFTA) has been indefinitely postponed due to the Covid-19 pandemic.
The African Continental Free Trade Area (AfCFTA) will create new opportunities for China-Africa cooperation, an Ethiopian expert said on Tuesday.
With the growing concern over the traditional ISDS system, it is highly unlikely that the AfCFTA will include an ISDS mechanism giving investors access to go to international arbitration under conventional international tribunals.
African states need to take a unified and proactive approach to investor-state dispute settlement (ISDS), in order to make a system that is fairer to Africa and more consistent.
A historic deal to smash down tariff barriers within Africa is being braked by the coronavirus pandemic and a thicket of negotiating problems.
Even if the pandemic continues into 2021, the African Continental Free Trade Area will move ahead, a top official says.
Kenya’s negotiations with the United States while the African Union is in ongoing negotiations on a future agreement between African countries makes this a transitional moment in Africa’s trading relationship with the West.
Negotiators from the Commission and the African, Caribbean and Pacific community confirmed that talks on a trade and political cooperation deal to replace the twenty-year-old Cotonou Agreement were close to completion.
The African Continental Free Trade Area (AfCFTA) could begin operating on January 1 next year, after the COVID-19 pandemic made its original launch date untenable.
Joining the Energy Charter Treaty could cost developing countries money that is urgently needed to fight Covid-19 and a loaming economic crisis. The Energy Charter Treaty has become increasingly controversial.
The creation of the AfCFTA could enhance the attractiveness of sub-Saharan Africa as an investment destination and manufacturing base.
There is an imminent threat of claims arising from emergency measures, so countries should review how investor-state disputes are handled.
The AfCFTA is an opportunity for countries and companies to help each other grow, but trade liberalization and Western control can harm the poor and local producers in these countries, and Africa will repeat the mistakes of the European Union.
The United States should work to achieve a single, comprehensive agreement with Kenya that removes barriers to trade and investment, instead of pursuing a phased approach, the US Chamber of Commerce said.
Joining the Energy Charter Treaty could cost developing countries money that is urgently needed to fight the COVID-19 pandemic and economic crisis.
Many countries, particularly in the global south, are in the process of joining the Energy Charter Treaty despite the sweeping powers it grants to foreign investors.
The destructive effects of these free trade agreements signed with the EU are already clearly visible in the majority of countries of the South.