Government has opened consultations with industry on rules of origin (RoO) for the ambitious African Continental Free Trade Area (AfCFTA) aimed at promoting duty-free flow of goods and services originating in the bloc.
Some general concerns centre on the potential impact a continental free market could have on particular sectors of national economies.
The European Union could one day look to take advantage of African efforts to forge a free trade area within the continent to work toward a comprehensive continent-to-continent free trade agreement.
The African Union wants to have a continent-to-continent dialogue with Europe, a change that could make the framework of the Cotonou Agreement implode and leave the Pacific and Caribbean states out in the cold.
Many have suggested that China and African countries, represented by African Union, should launch a feasibility study on free trade and investment facilitation negotiation.
Increasing trade between the EU and the ACP, particularly African countries, lay at the heart of the ambition of the Cotonou Agreement. But it has not worked out that way.
The US is looking for African countries that would be interested in having bilateral free trade agreements with.
Mauritius is the first African country that launched the FTA negotiations with China; MoU over the Belt and Road Initiatives is under negotiation.
Six analyses from economists and stakeholders.
Germany’s development minister has sparked a debate by calling for EU tariffs to be waived on African goods. Critics question whether import duties are really the issue, or are there other barriers to trade?
Free trade agreements on farm products benefits primarily transnational corporations and furthers the industrialisation of agriculture. All at the expense of local food production.
The United States wants to pave the way for a free trade agreement between Washington and sub-Saharan African countries.
President Muhammadu Buhari says Nigeria will only be signatory to the Continental Free Trade Agreement if the nation’s national interests as well as regional and international obligations are balanced.
USTR Robert Lighthizer believes the time is right to pursue free trade agreement negotiations with AGOA eligible countries.
The objective of the consultative workshop is a regional-wide consultation to finalize the outstanding issues including criteria for designation of sensitive products, percentages, etc.
Namibia has finally signed the trillion-dollar African Continental Free Trade Agreement (AfCFTA), which requires members to remove tariffs from 90 percent of goods to allow free access to commodities, goods and services across the continent.
Forty-nine members of the African Union have signed the African continental free trade area (AfCFTA) agreement, said AU chairperson Paul Kagame .
The Manufacturers Association of Nigeria (MAN) said the issues raised by major stakeholders, including those expressed by manufacturers, still remained unattended to.
African trade ministers have deliberated on the protocols to the agreement establishing African free trade area (AfCFTA), and the modalities for tariff liberalization.
African Continental Free Trade Area signatories are now beginning the ratification process, while also looking at the technical work needed to make the area a reality.