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.
Wene has described the AfCFTA as a driver for Africa’s recovery from the impacts of the coronavirus pandemic.
The fears around the issue of dumping and border security should not outweigh the huge benefits that AfCFTA offers to the member-states.
PwC says the pandemic poses a risk to the AfCFTA, but but leaders can turn it into an opportunity for stronger collaboration.
NANTS has urged the Trade Ministry to develop a synthesis that summarises all items negotiated on the AfCFTA to clarify implementation.
Members of Africa's new free trade area will complete their tariff reduction schedules and finalise essential rules of origin by July.
The AfCFTA has stated that the issue of infrastructure deficit is not unique to Nigeria.
Nigeria's involvement in the AfCFTA should encourage flexible intra-African transactions while producing adequate output for generating income.
AfCFTA would boost Africa’s economy to $29trillion by 2050 if properly implemented and executed across the continent.