The AfCTA is a continental trade liberalisation agenda that envisages the removal of all trade barriers in the form of both economic and non-tariff barriers. Economic trade barriers would include trade restrictions such tariffs and quotas. Non-tariff barriers would include infrastructure (physical and digital), corruption at the borders, inefficient border operations and lack of support for vulnerable trade groups such as women and the youth.
The first phase focuses on agreements on trade in goods and services. The second phase is expected to go into operation on January 1, 2021. The second phase is about putting in place national investment plans, competition policy and intellectual property rights. Read More.