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.
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.
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.
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.
The European Union has pledged to commit an additional €5m (about sh21.7b) towards the second phase of the African Trade Observatory (ATO) to support the operationalisation of the African Continental Free Trade Area (AfCFTA).
The EU and African, Caribbean and Pacific Community on Thursday (15 April) finalised the successor to the Cotonou agreement, bringing a close to two and a half years of negotiations and repeated delays.
Friday marked the start of trade for South African firms under two new trade agreements, the trade and industry and competition department (dtic) said.
China will provide ‘cash assistance and capacity-building training’ for the African Continental Free-Trade Area, which spans 55 nations with a combined economy of US$3.4 trillion and 1.3 billion consumers, Chinese Foreign Minister says.
African Union Ministers of Trade held their twelfth meeting, undertaken virtually, which was focused on concluding essential elements that remain to be agreed in the AfCFTA talks.
A leading research and public policy think tank is calling on the African Union to defer, the July 1st date for the commencement of trading under the African Continental Free Trade Area (AfCFTA).
The United States and the African Union share a mutual desire to pursue deeper trade and investment ties, eventually leading to a continental trade partnership between the United States and Africa.
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.
According to the African Union Commission chairperson, Nigeria, Eritrea and Guinea Bissau have made no commitment to the AU’s Continental Free Trade Area (AfCFTA) signed in Kigali in March 2018.
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 .
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.
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
The SA government wants more clarity on details related to the African Continent Free Trade Area. Unions warned that the agreement could lead to job losses.