Tag: African Continental Free Trade Agreement
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5 important things to know about the African Continental Free Trade Area agreement
The African Continental Free Trade Area (AfCFTA) which unites the 55 members of the African Union (AU) and eight Regional Economic Communities (RECs), is the largest free trade area in the world. It has an overarching goal of establishing a single continental market with a combined GDP of around US$3.4 trillion and a population of…
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AfCFTA members conclude negotiations on rules of origin to enhance free trade
Member states of the African Continental Free Trade Area (AfCFTA) have concluded their negotiations on the rules of origin, a move expected to further reduce tariffs on original goods produced within the African continent. This was disclosed by the Chairperson of the African Union Ministers of Trade, Ebrahim Patel. Although trading under the African Continental…
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Implementation of AfCFTA must not compromise standards – GSA
The Ghana Standards Authority, GSA, says it will ensure that goods imported into the country meet the required standards when the African Continental Free Trade Area (AfCFTA) kicks off in July this year. The Agreement is aimed at improving intra- African trade to among other things, create a single market, deepen the economic integration of…
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African Union calls for review of non-tariff barriers to boost cross border trade
Ghana’s Ministry of Trade and Industry has called for the elimination of non-tariff barriers to trade among African Union members. The Ministry says attention should rather be focused on strengthening the regulatory, scientific and technological capacities for better trade. The call was made at the opening ceremony of a forum on accelerating intra-African trade and…
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GUTA seeks inclusion in engagements to resolve Nigeria border closure
The Ghana Union of Traders’ Association (GUTA) says it wants to be part of ongoing stakeholder engagements between the Ghanaian and the Nigerian governments over the closure of the Nigerian border it shares with Benin. According to the group, they believe this will be the best solution to amicable and peaceful trade relations among the…