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.
It appears from all indications that the African private sector is either kept at the back door or yet to be given a pride of place in the AfCFTA process.
Indonesia’s Vice President Jusuf Kalla noted that Indonesia and Africa have great potential to develop and strengthen economy.
Despite having several trade and investment agreements from 1975, the inability for Africa to build substantial productive capacity has in effect rendered the continent a net importer, unable to meet even its own food requirements.
Dr Ndongo Samba Sylla is an economist, researcher and programme officer at the Office for West Africa at the Rosa Luxemburg Foundation. In this interview, he analyses the African Continental Free Trade Area
China, being Africa’s largest trading partner, is a key factor and beneficiary of the continent’s development.
Compiled by the African Trade Policy Centre (ATPC) of the Economic Commission for Africa (ECA) in association with the African Union Commission
India’s Commerce and Industry Minister Suresh Prabhu today pitched for a free trade agreement with Africa with a view to boosting economic ties between the two regions.
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).
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.
The Conference gathered 35 participants, comprising leaders from African trade union centres, the ITUC-Africa, ETUC, and ITUC, and experts from civil society and academia.
The news that China will build a railway from the Red Sea city of Port Sudan to the Chadian capital of N’Djamena proves just how serious Beijing is about pioneering a transcontinental Sahelian-Saharan Silk Road.
The focus of the new development strategy is on private investment. For this, African countries should create more attractive framework conditions to attract European donors and provide guarantees and risk protection to private companies.
It is not clear whether the U.S. wants to change the AGOA deal before it expires in 2025 or extend it further - no decision was made on either count.
A more balanced trading relationship is vital in order to maintain support in Congress for AGOA, which allows for duty-free treatment of goods from eligible Sub-Saharan African countries, Lighthizer said.