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Somalia embraces the African Continental Free Trade Area (AfCFTA), validates its national strategy
The Ministry of Commerce and Industry of Somalia embraces AFCFTA in a meeting convened in collaboration with the Economic Commission for Africa (ECA), of its African Continental Free Trade Area national implementation strategy.
Somalia pursues AGOA membership to bolster trade
The Somali government officially applied to join the 36 African countries on Thursday, benefiting from the African Growth and Opportunity Act (AGOA).
Turkey, Somalia sign Economic Partnership Agreement
Last week, Turkey and Somalia signed economic partnership agreement.The countries also came to an understanding on fishing and fisheries. Under this, Turkish fishermen will be able to fish in Somalia’s territorial waters.
Official: African states to meet deadline to establish trading bloc
The Tripartite Free Trade Area will comprise 28 countries, cover approximately 18.3 million square kilometers and hold about 61 percent of the continent’s population.
Somalia, Kenya sign first trade deal in 14 years
Somalia’s fledgling government signed a broad bilateral trade agreement with neighboring Kenya on Tuesday, the first since warlords overthrew military dictator Mohamed Siad Barre in 1991 and plunged the country into chaos.