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At AfricanTrades.org, we are committed to streamlining trade for African enterprises. We achieve this through a collaborative platform, furnishing essential information, fostering education, and conducting trade outreach programs for African entrepreneurs in key cities. Our aim is to empower African businesses to seamlessly engage in cross-continental trade, catalysing significant growth and prosperity while ensuring inclusivity.
AfricanTrades.org additionally offers a platform for businesses to enhance their visibility at a continental level, both through our online platform and trade outreach events.
Stay ahead with the latest insights and market intelligence concerning African trade, while staying informed about developing stories linked to the African Continental Free Trade Area (AfCFTA).
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At AfricanTrades.Org, we're on a mission to catalyze the growth of the One African Market, where opportunities abound, collaboration thrives, and innovation knows no boundaries. Explore our platform to access a wealth of information and engage in transformative programs designed to elevate businesses and entrepreneurs across the continent. Our initiatives include specialized programs to deepen your understanding of the African Continental Free Trade Area (AfCFTA), one of the 13 flagship projects of Agenda 2063: The Africa We Want, as outlined by the African Union.
The Directorate of Trade in Goods and Competition at the AfCFTA Secretariat is focused on creating a single African market through implementing the Protocol on Trade in Goods and Competition. The Directorate also facilitates all negotiations on Trade in Goods and Services and provides technical advice to the Chairperson, State Parties and non-State Parties.
One of the specific objectives of the AfCFTA Agreement is the progressive liberalisation of services. The AfCFTA Protocol in Trade in Services envisions a liberalised African Services market which shall be achieved by gradually eliminating restrictions that are incompatible with the AfCFTA Agreement, the AfCFTA Protocol on Trade in Services, the Negotiating Guidelines for Services Negotiations under the AfCFTA Protocol on Trade in Services, and the AfCFTA Modalities for Services Negotiations.
The Dispute Settlement Mechanism was established under the Protocol on Rules and Procedures of the AfCFTA Agreement. It focuses on amicable, transparent and swift resolution of disputes between State Parties. The key institutions of the Dispute Settlement Mechanism are the Dispute Settlement Body, the Adjudicating Panels and the Appellate Body for second-tier review.
In a Free Trade Area, such as the AfCFTA, Customs administrations play an essential role in developing and promoting intra-Africa trade through the effective implementation of the agreed tariff offers, rules of origin, and proper management of the borders. The directorate also simplifies and harmonises customs laws and procedures, the supervision of transshipment, and ensures customs cooperation among others. The Directorate, therefore, facilitates the enforcement of the agreed rules among State Parties.
The role of financial investment is critical to the achievement of the objectives of the AfCFTA. The Council of Ministers responsible for trade, and the State Parties, have established a Committee on Investment. The Committee met in September 2021 and adopted its Terms of Reference, Negotiation Modalities and Guidelines for negotiating the Agreement on Investment, leading to the establishment of the Protocol on Investment.
The promotion and protection of Intellectual Property Rights (IPR) are central to achieving the AfCFTA objectives. The Committee on Intellectual Property Rights was established in May 2021 by the Council of Ministers of Trade and State Parties to facilitate the negotiation of the Protocol on IPRs.
The AfCFTA Competition Protocol negotiations are ongoing. Competition policy encourages companies to offer consumers goods and services on the most favourable terms. It promotes efficiency and innovation and reduces prices within the AfCFTA market.
Digital trade is an integral part of free trade and critical to boosting intra-Africa trade. In February 2020, the AU Assembly decided to include digital trade within the AfCFTA. Digital trade issues will be constituted into a Protocol that shall, upon entry into force, form an integral part of the AfCFTA Agreement.
The Assembly of the Heads of State and Government of the African Union committed “to broaden inclusiveness in the operation of the AfCFTA through interventions that support young Africans, women, and Small and Medium Enterprises (SMEs) as well as integrating informal cross-border traders into the formal economy by implementing the simplified trade regime”.
he African Continental Free Trade Area (AFCFTA) is a landmark agreement that aims to boost economic growth and development across
The African Continental Free Trade Area (AFCFTA) Protocols have emerged as a game-changer in promoting trade and economic development across