NFVCB, Filmmakers Urge Effective Implementation of AfCFTA Agreement to Protect Film Industry thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
• Free trade will commence when crucial criteria are completed, says Customs
Six months after trading officially commenced under the African Continental Free Trade Area (AfCFTA), Nigeria and some other countries continue to lag behind, having stalled the process to domesticate trade protocols in line with the implementation of the new trade regime.
With the rules of origin yet to be defined, Nigerian exporters and manufacturers are left in the dark on the next line of action as other countries take national positions in safeguarding local industries and expanding regional agenda.
AfCFTA took off on January 1, 2021, but some nations are yet to fashion out the rules of origin, which is the major aspect of the trade framework.
Osinbajo canvasses expert teams for international trade negotiations dailypost.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailypost.ng Daily Mail and Mail on Sunday newspapers.
Lagos, March 5, 2021 Mr Wamkele Mene, Secretary General, Africa Continental Free Trade Area (AfCFTA) has described the AfCFTA as a driver for Africa’s recovery from the impacts of the coronavirus pandemic.
He said it would drive recovery from impacts of the pandemic on the continent’s industralisation growth and development agenda.
Mene made the assertion during a courtesy visit to the Lagos Chamber of Commerce and Industry (LCCI) on Friday in Lagos.
He said the continent’s ability to trade in merchandise and services inclusive of the airlines industry, tourism and other components was critical to its recovery.
Mene said that Africa, before the onset of the pandemic, was a significant market with a growing rate of 3.4 per cent annually, and the producer of six out of 10 fastest growing economies of the world.
SPECIAL REPORT
Africa has always been promising with great potentials not fully harnessed by the countries inhabiting the continent but exploited by those outside it. But with the launch of the African Continental Free Trade Area (AfCFTA) on January 1, 2021, and Nigeria signing its agreement after an initial hesitation, how will Africa’s most populous nation and largest economy on the continent fare? Bayo Akinloye examines what to expect
It was a grand occasion characterised by a flurry of activities. Pages of papers ruffled due to constant thumbing in the decorous hall peopled by Africa’s most powerful men. There was excitement in the air as their optimism outweighed their pessimism. A historic moment was about to climax. For the first time in many years, many African heads of state decided to become united and unified on trade terms. Africa and the world waited for the icing on the cake.