Current realities are likely to counter the expectations that the AfCFTA is some kind of silver bullet that will transform Africa, sweeping away decades of embedded dysfunction and challenges.
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.
Zambia wants to sign a free trade deal with Turkey, according to the ambassador of the southern African country, while also inviting Turkish businessmen and the private sector for investment in Zambia.
Trade Minister welcomes collaborations from various partners to create awareness and prepare the private sector and the common man for the agreement.
Zambia did not sign the African Continental Free Trade Area (AfCFTA) as it was still conducting internal negotiations on some protocols in the agreement.
African policy makers have for a long time taken keen interest in the promotion of intra-regional trade in order to bring about development in the continent.
The Common Market for Eastern and Southern Africa (COMESA) has launched a roadmap that will address differences in standards and regulations that hinder regional trade in maize.
Zambia and the Democratic Republic of Congo have signed a bilateral trade agreement that will see enhanced trade between the two countries
Commerce, Trade and Industry Minister , Margaret Mwanakatwe joined other African Union Ministers of Trade, in Addis Ababa, Ethiopia for a high level meeting convened by the African Union to prepare for the launch of negotiations for the Continental Free Trade Area (CFTA).
Common Market for Eastern and Southern Africa (COMESA) and Zambia Revenue Authority (ZRA) have launched the COMESA virtual trade facilitation system (CVTFS) aimed at tracking the movement of cargo to curb illicit trade.
The Zambian government in collaboration with the Common Market for Eastern and Southern Africa (COMESA) has put in place a committee which will look at ways and means of increasing exports to the Africa Growth Opportunity Act market in the United States of America.
Zambia, as chair of the Eastern and Southern Africa (ESA) states negotiating with the EU, has commissioned an impact study of the EPA in ESA countries to be ready in July. Then, each ESA state will decide whether to sign or not.
Zambia Sugar Plc has expressed concern at the non-application of tariffs on sugar imported outside the Common Market for Eastern and Southern Africa (COMESA) as it is displacing regional producers.
The history of the Common Market for Eastern and Southern Africa (COMESA) began in December 1994, when it was formed to replace the Preferential Trade Area (PTA), which had existed from the earlier days of 1981.
On March 4, 2013, the Minister of International Trade of Canada announced the conclusion of the negotiations of Bilateral Investment Treaties with Cameroon and Zambia — home of iron ore, copper and other mineral deposits.
Government will continue negotiating with an Economic Partnership Agreement (EPA) with the European Union (EU) in an effort to resolve the contentious issues before signing the agreement.
Government says the Eastern and Southern Africa (ESA) regional grouping is dedicated to negotiating with the European Union (EU)’s Economic Partnership Agreements (EPAs) that meet the expectations of member countries.
The Centre for Trade Policy and Development (CTPD) has said the government should halt further negotiations over the Economic Partnership (EPAs) with Europe.
“EPAs are a divide-and-rule tactic being advanced by Europe for selfish interests and Malawi will not sign until all concerns are addressed and I know all these manoeuvres since I was among the pioneers of regional integration,” says President Wa Mutharika.
The signing ceremony of the Economic Partnership Agreement between the European Union and the East and Southern Africa Bloc to which Zambia belongs, raised some eyebrows, but also drew attention to something deeper when Zambia and other members refused to sign.