Tag
AFCFTA
Okonjo-Iweala stated that focus must be on logistics and simplifying movements of goods and services across Africa for the AfCFTA to work.
The move to support a Covid IP waiver is important to reduce the global effect of the pandemic.
The success of the AfCFTA will depend largely on the willingness of the member states to adhere to the agreement.
Amongst the priorities for implementing the AfCFTA, effective communication remains crucial.
The ACCI boss stated that the SAPZ scheme would be beneficial as Nigeria prepares to diversify its economy and to be part of the AfCFTA.
New businesses within the NOGAPS will face intense competition from foreign OEMs that do not have to battle with tariffs, a harsh business terrain and different tax treatment.
The SMEs and Startup ecosystem in Nigeria which are dominated by women and youths should equally take advantage of these opportunities.
The Phase II Negotiation hopes to complement the efforts already recorded in the areas of Tariff Concession and the Rules of Origin for trade in goods.
Governor Sanwo-Olu has said that Lagos State is ready to domesticate the AfCFTA agreement.
The ECA has tasked member countries on the importance of the free movement protocol to the success of the AfCFTA.
11 African countries have validated the AfCFTA agreement implementation strategies, according to UNECA
AfCFTA: Nigeria at advance stage of establishing trade recovery remedy authority – Secretary-General
Wene has described the AfCFTA as a driver for Africa’s recovery from the impacts of the coronavirus pandemic.