Insecurity and infrastructure deficiencies are threats to the Africa Continental Free Trade Agreement, says West African food association
Chief Dumo Lulu Briggs, Chairman of Platform Petroleum Limited, has admonished that cross-border service integration through the implementation of the African Continental Free Trade Area (AfCFTA) will boost the African oil and gas industry.
Taiwan hopes to update 1994 investment agreement.
The President of African Insurance Organization, Mr Tope Smart, has said the organisation is examining how the insurance sector can best integrate into the African Continental Free Trade Area.
The Commercial Operations Officer, Dangote Group, yesterday called for the reform at ports in Africa as well as the ease of regulations and bureaucracy, in order to realise benefits of the African Continental Free Trade Area agreement.
Africa’s new free trade area could transform the continent’s economy. But without strong social protections, it may result in more precarious work.
Insights on how local Nigerian brands can become regional and pan African giants by leveraging opportunities that AFCFTA provides. The role of government and private sector investors in this drive.
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.
The Nasarawa State government has announced that it has marked over 270,000 hectres of land for the purpose of purely commercial agriculture to earn foreign exchange for the state through the Africa Continental Free Trade Area (AfCFTA).
AfCFTA roundtable brought together business leaders, academia, government representatives, trade, and legal experts to discuss and deliberate on dispute issues in implementing the agreement in Nigeria.
There is a sense of drift in Africa’s trade relations with the West, as both America and Europe rethink how they do business with the continent. The old approach was paternalistic and gave Africans little say. But the new one, handled badly, could put Africa’s own integration at risk.
AfCFTA was supposed to usher in a new era of continental trade and economic growth—but Beijing’s not letting that happen.
Ahead of the African Continental Free Trade Agreement (AfCFTA) implementation in Nigeria, the Nigerian Institute of Chartered Arbitrators and other stakeholders are seeking dispute resolution mechanisms that will address concerns of non-state entities.
Nigerian Association of Chambers of Commerce, Industry Mines and Agriculture has charged the federal government to domesticate the African Continental Free Trade Area so as to enable the country to benefit from the full implementation of the agreement.
Some economists suggest that the liberalization of trade will result in an unequal distribution of losses and profit gains while economically dislocating a large number of workers in import-competing sectors.
Nigerian labour unions and civil society organizations have urged the government not to assent to the ECT, explaining that the Treaty contains provisions for an Investor-State Dispute System (ISDS), which accords investors obscene privileges.
The Nigerian Minister of Industry, Trade and Investment, has called for the establishment and strengthening of more arbitration institutions in Africa in line with international standards.
The Nigerian creative sector argues that the scalability of the industry within the AfCFTA will depend on the existence of a robust framework that supports IP rights and provides digital security.
The fears that Nigeria might become a dumping ground for manufactured goods, especially with the advent of the AfCFTA, has heightened as Nigeria’s Trade in Goods Statistics show rising deficit in manufactured goods trade.
Nations of the D-8 should sign a much-needed preferential trade agreement to remove tariff and non-tariff barriers, ministers and entrepreneurs of the trade bloc said.