How Nigeria s security challenge can be a setback in the AfCFTA implementation nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.
st January 2021. The Protocol on Trade in Goods The Protocol on Trade in Services The Protocol on Rules & Procedure on the settlement of disputes The Protocol Investment. The Protocol Competition Policy,
THE OPERATIONAL INSTRUMENTS OF THE AFCFTA
[1] The Rules of Origin: A regime governing the conditions under which a product or service can be traded duty free across the region
[2] The Tariff concessions:
: It has been agreed that there should be 90% tariff liberalisation. Over a 10 year period with a 5 year transition, there will be an additional 7 % for “sensitive products that must be liberalised. This will be supported by the AfCFTA Trade in Goods online portal where Member States will upload their tariff offers covering 90% of the tariff lines.
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‘Merkato’, the largest open market in Ethiopia, is filled with products imported from China, India, Singapore, Italy, and Malaysia, among others. One can, sometimes, find produces locally secured. And the reason for the retailers to look outwards and import non-African goods is the fact that trade regulations and tariffs make intra-African commerce costly, inefficient and cumbersome.
But, after the coming into effect of the African Continental Free Trade Agreement (AfCFTA) as of the 1st of January 2021, many are hoping to see made in African products in large amounts in Merkato.
By the same token, Prime Minister Abiy Ahmed (Ph.D) special advisor Arkebe Oqubay (Ph.D) recently twitted in connection with the commencement of the AfCFTA that the new electric- powered Ethio-Djibouti Railway is an example of the journey of economic integration and the commitment for AfCFTA aside from illustrating Africa’s commitment for green path and economic transform
Kinshasa, 17 December 2020 (ECA) - Experts attending the meeting to formulate the AfCFTA implementation strategy in the Democratic Republic of Congo (DRC) discussed a range of sectors that could help the country benefit from the agreement.
The meeting to discuss the AfCFTA strategy was organized in Kinshasa by the UN Economic Commission for Africa (ECA) through its office for Eastern Africa in collaboration with the Ministry of Industry and the Ministry of Foreign Trade in DRC.
ECA estimates large potential gains from the AfCFTA for Eastern Africa, including an increase in intra-African exports by over US$ 1 billion and the creation of nearly 2 million new jobs. DRC is well placed to take advantage of those new opportunities.
Zimbabweans must tap into AfCFTA opportunities herald.co.zw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from herald.co.zw Daily Mail and Mail on Sunday newspapers.