Trade Agreements In Africa

The AfCFTA agreement aims to gradually reduce tariffs and non-tariff barriers and ultimately eliminate them and allow the free movement of services in priority sectors. As far as trade in goods is concerned, the target is set duty-free for 90% of products across the continent. Roberto Echandi is a lead private sector specialist at ETIRI. It focuses on research and policy advice on issues related to cross-border trade in services, negotiation, implementation and maximisation of the potential benefits of deep integration trade agreements and the AfCFTA negotiation and implementation process. Maria Filipa Seara e Pereira advises the Trade Regional Integration Unit (ETIRI) of the World Bank. She works mainly on topics related to international trade and international development, including modelling, trade policy, the distribution effects of trade and global value chains. Between 2012 and 2014, more than 75% of the continent`s exports were raw materials; Yet less than 40% of intra-African trade has been extractive during the same period, according to the African Union (AU), unders highlighting the need to boost intra-continent trade. Given that the Nigerian government continued to consult with local business groups in the second half of 2018, one of the main concerns was whether the agreement adequately prevented anti-competitive practices such as dumping. [59] As 2018 draws to a close, former President Olusegun Obasanjo said the delay was “regrettable” and pointed to the lack of trade in goods between African countries, the difficulties in getting from one African country to another, and the colonial legacy of these restrictions on African growth. [60] The government`s steering committee responsible for the consultation process is expected to release its report on the agreement in January 2019.

[61] Guillermo Arenas is an economist at the World Bank`s Trade and Regional Integration Unit (ETIRI). It covers several aspects of international economics and public policy, including trade policy, export competitiveness and impact assessment. Describes the bilateral and multilateral trade agreements in which this country participates, including with the United States. Contains websites and other resources for U.S. companies to get more information on how to use these agreements. AU Commissioner for Trade and Industry Albert Muchanga told Africa Renewal that the African Free Trade Agreement would not be a traditional trade agreement focused on reducing tariffs. . . .