Page 34 - Afcfta News Today

The largest free trade area in the world offers a historic opportunity to put the health of Africa front and center.

Total EAC exports decreased by 4.7 per cent to USD 14.0 billion in 2018 from USD 14.7 billion in 2017

Graphic Online BY: Maclean Kwofi 30.5k Shares 705 Ghana has put in place an institutional framework to help maximise gains from the African Continental Free Trade Agreement (AfCFTA) which took off on January 1, this year. It includes the establishment of the AfCFTA inter-ministerial committee, national steering committee, and technical working groups on all the seven clusters for boosting intra-Africa trade. Additionally, it has also designed AfCFTA National Action Plan and National Export Dev...

AfCFTAThe Nigeria Export Processing Zones Authority (NEPZA) says the Federal Government and the authority will leverage on the African Continental Free Trade Area (AFCTA) to boost the country’s trade competitiveness. Prof. Adesoji Adesugba, the Managing Director of NEPZA made the remark while guiding the Minister of Trade, Industry and Investment, Otunba Adeniyi Adebayo on an inspection tour of the Kano Free Trade Zone (KFTZ) on Friday, in Kano. x Adesugba,...

AU to set up infrastructure fund to make free trade plans a reality Reuters"> By Reuters - 19 February 2021 - 11:49 The AU needs to raise hundreds of billions to fund the construction of infrastructure if it wants to make the free trade area plan a reality. Image: 123RF/DMITRIJS KAMINSKIS The African Union (AU) is setting up a fund to finance the construction of much-needed roads, railways and power plants on the continent, its infrastructure head said, turning to ...

AfCFTAMuch attention has been devoted to the launch of the African Continental Free Trade Area (AfCFTA) on January 1, 2021. As the CEO of the pan-African provider of industrial ecosystems, I am convinced about the gains that can be achieved by uniting a market of 1.2 billion people. I am not the only one with high expectations. For the past two years, experts have bandied about a lot of ambitious figures. I may be optimistic, but I am no less realistic. The “political” launch of the AfCFTA ...

• Intrigues over appointment of substantive AfCFTA chief trade negotiator • Rules of Origin abuse worries manufacturers • 81% rules of origin negotiated, abuse worries manufacturers Despite Nigeria’s comparative advantage and self-sufficiency status in the production of certain products, cement, flour, rice, sugar and 180 other products would not be liberalised under the African Continental Free Trade Area (AfCFTA), even though doing otherwise would help the country tame its rising inf...

The East African Thursday February 11 2021 An EPZ factory in Athi River, Kenya. The country is negotiating a free trade agreement with the US. PHOTO | NMG Advertisement African countries negotiating free trade agreements with parties from other parts of the world will be required to grant the same preferences or better terms to African Continental Free Trade Area (AfCFTA) member states. The AfCFTA Secretary General Wamkele Keabetswe Mene, referring to Kenya, which is currently negotiating a fre...

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• While Ghana has freighted first cargo • Pending issues will be concluded before end of Q1, says Nigeria’s rep While some top African economies have already freighted their first cargoes under the African Continental Free Trade Area (AfCFTA), Nigeria continues to await the release of the list of liberalised goods by the National Action Committee, one month after implementation commenced. On January 4, Ghana organised an event to commemorate its first export under the framework, setting a...