Page 16 - தொழிற்சங்கம் உறுப்பினர் மாநிலங்களில் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

– Countries in red are LDCs Trade under the AfCFTA means a liberalised single market for goods and services facilitated by the easy movement of people and capital. It also lays the foundation for a continent-wide customs union. Ultimately, this new single market is expected to contribute to sustainable and inclusive socio-economic development, gender equality and, more broadly, enhanced competitiveness and industrial development. Advertisement African countries that ratify the agreement consent to liberalise 90% of tariff lines. This means that countries will reduce, and ultimately eliminate, tariffs on 90% of products traded under the AfCFTA. LDCs are expected to accomplish this over a 10-year period, and non-LDCs over a five-year period. Sensitive products, of up to 7% of tariff lines, will be fully liberalised over 13 years for LDCs and 10 years for non-LDCs. Finally, 3% of tariff lines will be excluded from tariff liberalisation.

Central african republicSouth africaSierra leoneCentral africanAfcfta national committeeNational committeeSouthern africa customs unionEconomic community of central african statesEthiopian airlinesEconomic community of west african statesAfrican union commissionUnited nations economic commission for africaMonetary communityEuropean unionAfrican unionAfrican electronic trade group