Rwanda and Mozambique have signed an agreement that will boost their economic development through trade and investment activities.
Zimbabwe and Malawi are engaged in talks to revise their Bilateral Trade Agreement to ensure its provisions speak to a modern-day investor and assist in addressing pressing development needs of the two countries.
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.
AfCFTA provides a platform for Mauritius to contribute significantly to the new African impetus by making available to investors and businessmen an ecosystem that not only makes it easier for them to do business with Africa, but also enhances and safeguards their investments.
The legal regimes of the eight Regional Economic Communities (RECs) recognised by the AfCFTA Agreement as building blocks of the African Continental Free Trade Area will not disappear when the AfCFTA is implemented.
The Council of Ministers of the Southern African Development Community has urged Member States that have not yet signed and ratified the AfCFTA and the TFTA to do so to allow for the implementation of the agreements.
Private sector lobbies in Africa’s six regional trading blocs have formed the African Business Council, a continental umbrella body to spearhead the business agenda for the African Continental Free Trade Area (AfCFTA).
Ministers from the tripartite group of regional economic communities in eastern and southern Africa have set June 2021 as the deadline to achieve the threshold of 14 ratifications required to enable the Tripartite Free Trade Area (TFTA) enter into force.
Zambia has become the latest country to ratify the Tripartite Free Trade Area, bringing the number of countries that have ratified the agreement and deposited the instruments to nine. The agreement, being pursued by COMESA, the East African Community (EAC) and the Southern African Development Community (SADC), needs a total of 14 countries to enter into force.
An economist at the Centre for Public Integrity (CIP) argues that Mozambique is not in a position, in the short-to-medium term, to ratify the African Continental Free Trade Agreement (AfCFTA).
In the SACUM-UK EPA, commitments on tariffs for both the UK and SACUM have been transitioned from the SADC-EU EPA without changes.
The terms of Angola’s accession to the EU-SADC EPA are aimed to be finalised by 2021. Both sides confirmed their intention to start exploratory discussions on an EU-Angola investment agreement.
Back in April 2020, just a month after the reality of COVID-19 arrived on our continent, the Southern African Development Community published a document on how best the bloc could confront the pandemic in its nascent stage.
With the growing concern over the traditional ISDS system, it is highly unlikely that the AfCFTA will include an ISDS mechanism giving investors access to go to international arbitration under conventional international tribunals.
Under market integration, 22 countries out of 28 have now signed the TFTA Agreement, while eight have signed and ratified.
Namibia is the latest to ratify the TFTA agreement. Seven countries are expected to complete the ratification process before the end of this year paving the way for its implementation.
Namibia is committed to implementing the European Union’s Economic Partnership Agreement, and to launch the plan this year, National Assembly speaker revealed.
The SACUM-UK EPA effectively retains the terms of trade present in the existing SADC-EU EPA.
Namibia has become the eighth country to ratify the Tripartite Free Trade Area. Six more countries are required for the agreement to enter into force.
Cabinet in Zimbabwe has approved the ratification of the COMESA-EAC-SADC Tripartite Free Trade Area (TFTA).