The founding agreement of the African Continental Free Trade Agreement (AfCFTA) enters into force today. The required number of ratifications has already been deposited and the agreement can now become a binding international legal instrument.
This constitutes an important political achievement but will not usher in immediate free trade; several legal instruments must still be finalised. National legal regimes must also be updated to reflect interstate agreements. International trade agreements are not self executing; they are implemented through domestic measures such as new customs procedures and domestic regulations for foreign service providers and investors.
The entry into force of the AfCFTA agreement is the first step towards the formation of a
comprehensive free trade regime for Africa, under the auspices of the African Union (AU). The implementation will be incremental. There will be one overarching trade arrangement, but specific commitments and opportunities will depend on the detail contained in the respective schedules. The private sector (the real traders) will need access to the correct information.
CENTER FOR AFRICAN STUDIES
Center for Africa Studies (AFRAM) which located in Ankara, is an organization facilitating under the administration of African Affairs Council (AFAC). It makes various researches about Africa to enhance economic and cultural bounds between Africa and Turkey. AFRAM’s publishings has been shared with different institutions as they require to obtain.
Africa Observatory is one the publishing of AFRAM and it has been published each two weeks. It has been delivered to different institutions via e-mail.