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Africa: AfCFTA Secretariat Commissioned in Accra As Free Trade Is Set to Begin in January 2021
Africa Renewal, 22 August 2020
A flagship project of the African Union’s Agenda 2063, the African Continental Free Trade Area creates a market of 1.2 billion people with a combined GDP of $3 trillion. Read more »
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Ghana: AfCFTA's Secretariat Opens in Ghana
Daily Trust, 19 August 2020
The permanent secretariat of the African Continental Free Trade Area (AfCFTA), has been inaugurated in Ghana. Read more »
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Africa: Minister Urges African Countries to Harness Benefits of AfCFTA
Ghanaian Times, 18 August 2020
The Minister of Trade and Industry, Mr Alan Kwadwo Kyerematen has urged African countries to develop a national programme of action to harness the benefits of the African… Read more »
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African Development Bank (AfDB), 18 August 2020
At a ceremony on Monday to commission the permanent secretariat of the African Continental Free Trade Area (AfCFTA), Ghana's President Nana Akufo-Addo and Moussa Faki Mahamat,… Read more »
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Africa: Regional Integration as a Tool for Wealth Creation in Africa
African Development Bank (AfDB), 19 August 2020
The COVID-19 pandemic and its health and economic impacts has forced a global rethink of the current multilateral framework and what it means for the future. Read more »
Ball Rolling as Africa's Free Trade HQ Opens in Accra
Ghana's capital, Accra, is the venue for the secretariat of the African Continental Free Trade Area (AfCFTA), which the African Development Bank gave the AU a U.S.$5 million grant to establish. The opening of the AfCFTA head office is a major milestone in the implementation of the free trade agreement that will encourage intra-continental trade. Trading was planned for July 1, 2020 but has been postponed to January 1, 2021, due to the economic impact of Covid-19. Currently 54 states have agreed to the AfCFTA, out of which 28 have formally signed the agreement.
InFocus
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The AfCFTA, widely touted as an economic saviour, was signed and ratified in record time and was due to come into effect on July 1, 2020. The kickoff will probably be postponed ... Read more »
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President Muhammadu Buhari had initially refused to sign the agreement but is now calling on countries to band together to attract investment, grow local manufacturing and combat ... Read more »
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AllAfrica's news partners report on the landmark African Continental Free Trade Area Agreement, which came into effect at the African Union summit in Niamey. The development is ... Read more »
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President Muhammadu Buhari says he is ready to to receive the report of the committee set up to assess the potential costs and impact of signing the agreement establishing the ... Read more »
A United Nations agency suggests that the African Continental Free Trade Area (AfCFTA) Agreement has the potential both to boost intra-African trade by 52.3 per cent – by 2020 – by eliminating import duties, and to double this trade if non-tariff barriers are also reduced.
