Six Months After, Nigeria, Others Yet To Commence AfCFTA Trade Agreement

Six months after the expected commencement of the implementation of the African Continental Free Trade Area (AfCFTA) agreement on the continent, issues with Rules of Origin criteria, amongst others is still delaying the implementation of the agreement among African countries. This is even as findings revealed that the agreement ratification is currently at 81 per cent stage.

Recall that following its conceptualization in 2018 based on the huge market size of the African continent, AfCFTA was expected to commence on the 1st of January, 2021 among member countries.

However, responding to enquiries on why the agreement is not yet being implemented by the Nigeria Customs Service (NCS) on goods coming in or going out from/to fellow African countries, the Spokesman of the NCS, Joseph Attah explained that trade leaders in all African countries are still meeting to finalise the rules of origin criteria.
https://tribuneonlineng.com/six-months-after-nigeria-others-yet-to-commence-afcfta-trade-agreement. 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Your email address will not be published.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.