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African free trade area launches after delays due to Covid-19 France 24 01/01/2021 NEWS WIRES © Baz Ratner, Reuters African countries began officially trading under a new continent-wide free trade area on Friday, after months of delays caused by the global coronavirus pandemic. But experts view the New Year's Day launch as largely symbolic with full implementation of the deal expected to take years. The African Continental Free Trade Area (AfCFTA) aims to bring together 1.3 billion people in a $3.4 trillion economic bloc that will be the largest free trade area since the e...

African countries began officially trading under a new continent-wide free trade area on Friday, after months of delays caused by the global coronavirus pandemic. But experts view the New Year’s Day launch as largely symbolic with full implementation of the deal expected to take years. The African Continental Free Trade Area (AfCFTA) aims to bring together 1.3 billion people in a $3.4 trillion economic bloc that will be the largest free trade area since the establishment of the World Trade Organization. Backers say it will boost trade among African neighbours while allowing the continent to...

Experts review port and trade related policies introduced by government since 2017 Trade Experts have reviewed port and trade related policies that had been introduced by government since 2017. According to the Immediate Past President of the Ghana Institute of Freight Forwarders, Kwabena Ofosu Appiah, who was speaking on Eye on Port, the paperless port clearance process initiated by the Vice President of the country, Dr. Mahamudu Bawumia has been instrumental in trade facilitation at the ports. He, however, bemoaned what he described as the inability of the government to sustain the gains ma...

Experts address impending opening of Nigerian borders, implications on intra-African trade The National President of the Borderless Alliance and the newly elected Co-Chair to the African Regional Food Trade Coalition, Ziad Hamoui has hinted of the imminent opening of the Nigerian borders as announced by that country’s president. Speaking on Eye on Port, Ziad Hamoui also revealed that Nigeria has ratified and deposited the African Continental Free Trade Area Agreement which he believes may influence that nation’s decision to reopen its land borders. “It remains to be seen how fast Nigeri...

Experts call for increased private sector participation in trade policies dialogue Experts have called on government to strengthen the involvement of the private sector regarding deliberations leading to formulation of trade policies beyond the year 2020. Speaking on Eye on Port, Ziad Hamoui, the National President of the Borderless Alliance said a strengthened public-private partnership in the introduction of trade and port reforms is the way to go, especially as Ghana’s government intends to ride on the back of a vibrant private sector in its industrialization agenda. “Prior consultatio...