AFTER A CAUTIOUS START, AFRICA’S POLICYMAKERS SHOULD ACCELERATE THE IMPLEMENTATION AND ADOPTION OF AFCFTA

April 26, 2021 Ventures Africa 0 Comments

Africa’s policymakers need to ensure that the momentum behind the African Continental Free-trade Area (AfCFTA) is not lost following the trading bloc’s launch in January. This initiative could act as the much-needed stimulus for the continent’s economies in the wake of the COVID-19 crisis.

Signed in Rwanda in early 2018, the AfCFTA is aimed at promoting the free movement of businesspeople, goods and investments across Africa – a market of 1.2-billion people. The intention is to remove cross-border tariffs on 90% of goods by 2030, alongside the dismantling of non-tariff barriers such as policy inconsistencies, inadequate transport infrastructure, cumbersome paper-based trade processes, and border and customs inefficiencies. Read More.

Leave a Reply:

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.