Private Sector Urged to Play Active Role in AfCFTA Implementation

0
522
Private Sector Urged to Play Active Role in AfCFTA Implementation
Private Sector Urged to Play Active Role in AfCFTA Implementation

There is need for private sector involvement in all stages of the African Continental Free Trade Area processes to ensure smooth operationalisation, implementation and monitoring if the continent’s historic trade deal is to succeed.

The AfCFTA is the continent’s most ambitious integration initiative. It mainly aims to create a single continental market for goods and services, with free movement of business people and investments; and expand intra-Africa trade across Regional Economic Communities and the continent.

Trade in goods and trade in services are key elements in phase one of negotiations where issues on the table include tariff concessions, rules of origin for goods and schedule of specific commitments for services. Phase two of negotiations will tackle matters including investment, competition and intellectual property.

So far, 52 of the 55 AU member states are signatories to the agreement. Benin, Eritrea and Nigeria are the only three countries that have not yet signed the agreement establishing the AfCFTA

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

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.



Photo Source