The Free Trade Zone Of The African Continent Will Impose Zero Tariffs On 97% Of Its Products
(source: Ministry of Commerce) According to the herald on June 25, Mr. wamkele mene, Secretary General of the Secretariat of the African continent free trade area (afcfta), said the goal of the agreement was to achieve zero tariffs on 97% of all products traded in Africa in the next 15 years. "This is a very ambitious goal and afcfta will promote intra African Trade by reducing trade barriers," he said.
Menet said that so far, 38 countries have deposited instruments to ratify the establishment of the afcfta agreement“ Some countries are ready for customs infrastructure - South Africa, Egypt, Ghana and Kenya, for example. These countries have implemented the necessary customs procedures. " He also pointed out that at present, the agreement is in the initial stage of implementation, and the outstanding areas in the first stage of negotiation still include trade in goods and services.
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