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AfCFTA


AfCFTA states terms for members in other pacts
African countries negotiating free trade agreements with parties from other parts of the world will be required to grant the same preferences or better terms to African Continental Free Trade Area (AfCFTA) member states.
Will China help or hurt the AfCFTA?
African countries want to trade more with their partners on the continent – through the African Continental Free Trade Area (AfCFTA) agreement that launched operations on 1 January – but will that hurt big trading partners like China?
Beijing expands Indian Ocean FTAs westward with Mauritius
China’s free trade agreement with the small island-nation of Mauritius came into effect in January, increasing the Asian powerhouse’s presence in the Indian Ocean where its regional rival India has long dominated.
AfCFTA and the economic emergence of Africa
Economists deconstruct the myth surrounding the trade agreement
Africa trade pact gets $1 billion to offset revenue losses
The African Export-Import Bank has mobilized $1 billion for an adjustment facility to offset revenue losses for countries that lower cross-border tariffs as part of an Africa-wide free-trade area.
Mozambique is not in a position to ratify AfCFTA agreement
An economist at the Centre for Public Integrity (CIP) argues that Mozambique is not in a position, in the short-to-medium term, to ratify the African Continental Free Trade Agreement (AfCFTA).
African Continental Free Trade Agreement: Red tape delays start of trading under new pact
All SACU members need to ratify the AfCFTA before any of its members can start trading under it. ECOWAS States were facing the same problem.
Nigeria: Dangote leveraging expansion under AfCFTA
Dangote Industries Limited has stated that its cement expansion plan and fertiliser investments will open new trade routes for the company and Nigeria under the trade deal.
African free trade tariff rules should be completed by July-official
Members of Africa’s new free trade area should complete their tariff reduction schedules and finalise essential rules of origin by July.
African free trade bloc opens for business, but challenges remain
African countries began officially trading under a new continent-wide free trade area, after months of delays caused by the global coronavirus pandemic.
China-Mauritius free-trade deal creates model for Beijing’s trade with Africa, observers say
Deal will ‘vitalise cooperation between our two countries and strengthen China-Africa economic ties’, head of African affairs at Chinese foreign ministry says.
New SA trade agreements now effective
Friday marked the start of trade for South African firms under two new trade agreements, the trade and industry and competition department (dtic) said.
Taiwanese eye Africa as investment destination amid marginalization
Taiwan’s Chinese International Economic Cooperation Association encouraged Taiwanese companies to take advantage of free trade deals in Africa.
In spite of its many sponsors, the African Continental Free Trade Area (AfCFTA) goes into the wall
The sharp decline in manufactured goods trade and the growing food deficit over the past 25 years call for the African Union to be more modest in its ambitions to become “the next world manufacturing center”, far from the free trade illusion of the AfCFTA.
African ambassadors expect more cooperation with China under new FTA
The AfCFTA requires strong infrastructure linkage across the African continent, an area where China can reach out to help.
‘No African nation yet to meet AfCFTA requirements’
The Chartered Institute of Arbitrators (CIArb) said no nation had met the requirements for the implementation of the African Continental Free Trade Agreement (AfCFTA), despite the political will to get the pact ratified in good time.
EAC beats AfCFTA tariff offer deadline
EAC’s tariff offer now brings the number of countries to 40 that are ready to join the AfCFTA on January 1, when trading under the agreement starts.
AfCFTA: African Customs officials to draft free trade continental guidelines
Customs officials from around Africa gave a nod to the adoption of continental guidelines to facilitate the free flow of cross-border trade.
Tensions simmer over EU-Africa trade relations
Trade relations are likely to be at the heart of the delayed EU-Africa ‘strategic partnership’, but only if long-standing tensions can be resolved.
China-Africa relations: Beijing says it will help pay for world’s largest free-trade zone
China will provide ‘cash assistance and capacity-building training’ for the African Continental Free-Trade Area, which spans 55 nations with a combined economy of US$3.4 trillion and 1.3 billion consumers, Chinese Foreign Minister says.