'Since the establishment of ECOWAS in 1975 with the purpose of promoting regional cooperation and economic integration, the commission has been making concerted efforts, aimed at enabling
free trade areas and common market.
The African free trade pact came into effect at the end of last month after two more countries ratified the agreement.Kenya Dairy Board managing director Margaret Kibogy says Nairobi is seeking to lower of the cost of production from the current Sh25 per litre to Sh15 in order to remain competitive in the wake of the
free trade area.
From the start of the negotiations, we had an impact assessment which evaluated the expected effects of creating the
free trade area. It revealed that the forecast fall in tax receipts would be mitigated by the increase in Senegal's exports, which ought to be far greater than the increase in its imports of African goods.
According to official information, Qinzhou
Free Trade Area will be actively integrated into the construction of the Belt and Road initiative and the Southern Transport Corridor, and closely stick to the development strategy of the central government.
She said last night: "Our proposal will cindus agricult a create a UK-EU
free trade area which establishes a common rule book for industrial goods and agricultural products.
'Our countries have in March of this year signed on to this historic trade agreement, the CFTA, which gave birth to the world's largest
free trade area since the WTO which was formed in 1995.
More on this: Why Africa's
free trade area offers so much promise
A successful continental
free trade area could reduce this gap.
The session will be addressed by the President of the Republic of Niger and the African
Free Trade Area .
All 54 countries on the continent are projected to be in the Continental
Free Trade Area, or CFTA, which "is shaping up to be the largest
free trade area in the world in terms of the population it covers," notes Amy Copley for the Brookings Institution.
From the war until 1973, we lived in
free trade areas. We had no problems; we had agreements with USA, Commonwealth, and many other countries including, as I recall, EFTA (European
Free Trade Area) Norway, Sweden and Denmark.
Minister of Trade Mohsen Hassen recommended to adopt more flexibility in the negotiation related to the creation of an African
free trade area and endeavour to finalise it in the dates set by the Presidents of the African Union (AU) countries.
