Three years after signing the African Continental Free Trade Area, Nigeria appears unprepared to compete in the trade regime...
U.S. positioning for the great power competition with China and Russia for influence in Africa.
The agreement was brokered by the African Union (AU) and was signed by 44 of its 55 member states in Kigali, Rwanda on March 21, 2018. The only country still not to sign the agreement is Eritrea, which has a largely closed economy.
The 7th Regional meeting reviewed the draft ECOWAS Offer for the AfCFTA Trade in Services negotiations and held bilateral sessions between ECOWAS Commission and Member States.
United States, European Union and their Pacific allies’ sanctions are fast-driving Russia towards Africa. As the sanctions bite, Russia continues stepping up to realign with Africa, stemming its policy with mountainous pledges.
Tensions between Morocco and Algeria have risen lately, and there is now a heightened risk of armed conflict arising and the escalation is rooted in the dispute over the status of Western Sahara.
To sustain momentum after the AfCFTA’s January launch, traders must be kept in the loop about why implementation is slow.
Arab-African trade has enormous potential but is held back by a number of bottlenecks. The Second Arab-Africa Trade Forum in Cairo revealed new ways to take trade forward.
Africa’s new free trade area could transform the continent’s economy. But without strong social protections, it may result in more precarious work.
Southern African countries have rattled the European Union by indicating they might reopen negotiations on a major new, long-range framework for relations between Europe and developing countries that has already been accepted by all sides.
The AfCFTA Secretariat and the Ministry of Commerce of China agreed to establish an Expert Group to collaborate in areas such as experience-sharing on intellectual property rights, digital trade, competition policy, and others.
There is a huge potential when it comes to expanding and deepening relations between Turkey and African countries, the African Union’s commissioner for economic development, trade, industry and mining said.
On October 21 to 22, Turkish and African leaders together with corporate business directors, industrialist and investors are meeting under the theme “Deepening Turkey-Africa Strategic Partnership: Trade, Investment, Technology and Logistics”.
Algerian Foreign Affairs Minister Ramtane Lamamra’s announcement on 24 August of a new break in diplomatic relations with Morocco is another setback for free trade and free movement on the continent.
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).