The AfCFTA is one of the flagship projects of Agenda 2063: The Africa We Want. It is a high ambition trade agreement, with a comprehensive scope that includes critical areas of Africa’s economy, such as digital trade and investment protection, amongst other areas. By eliminating barriers to trade in Africa, the objective of the AfCFTA is to significantly boost intra-Africa trade, particularly trade in value-added production and trade across all sectors of Africa’s economy.
“The tendering of the fruit is a continuous endeavor. Therefore, the Sower must be progressive in continuous quality monitoring. Many of our pharmaceutical companies, including Daily-Need have kept up with this quality monitoring’’.
In a bid to fast-track the commencement of actual trade, the Council of AfCFTA Ministers at its meeting in February 2022, agreed to commence trade based on the agreed rules of origin, thus paving the way for State Parties to gazette the legal instruments needed at the national level to introduce procedures enabling customs departments to operate under the new regime.
The Manual on the application of the African Continental Free Trade Area (AfCFTA) Rules of Origin is a publication which sets out guidelines on the operationalization of Annex 2 on Rules of Origin in order to accord tariff preferences to Goods that meet the origin rules and are traded between the AfCFTA State Parties.
Micro Small and Medium-Scale Enterprises (MSMEs) are integral to the stimulation of developing economies as exploiting the full capabilities of MSMEs will improve trade competitiveness aimed towards achieving the objectives of the Africa Continental Free Trade Area (AfCFTA).
We need to start thinking about post-oil world --Anatogu
AfCFTA will be the biggest single market and projected with a GDP of 2.5 trillion dollars from a whooping population of 2.5 billion people across 54 countries participating.
Nigeria must address the bottleneck in order to benefit from the agreement, which seeks to create a single market in Africa with a population of 1.2 billion people and a combined Gross Domestic Product (GDP) of $3.4 trillion.
The AfCFTA initiative is a great effort and what is even more commendable is that African countries have achieved it within a short time
The World Trade Organization (WTO), has described the African Continental Free Trade Area (AfCFTA) as a recipe for peace, stability and economic prosperity in Africa.
This deals with all documents needed for the delivery of goods to the buyer in the medium specified in the export contract
Executing the AfCFTA Readiness Interventions identified in the Impact and Readiness Assessment Report
Work streams have been set up to analyze key areas of importance to Nigeria in new trade agreements
Implementation of the AfCFTA Agreement that leads to removal of tariff restrictions on intra-African trade
AfCFTA Agreement / Compiled Annexes / Impact and readiness assessment of the African Continental Free Trade Area (AfCFTA) Agreement