Browsing: How to Export within AfCFTA

• The move makes Tanzania among the first seven African countries to start making the best of the single African market.
• Tanzania plans to export no less than 10 different products under the AfCFTA deal starting with coffee and marble.
• The AfCFTA Secretary General is confident that the deal will result in higher paying jobs and also sees the deal favouring women who are expected to get the larger portion of wage gains.

The African Continental Free Trade Area (AfCFTA) is at the centre of discussion again as African Heads of State and Government meet in Addis Ababa, Ethiopia for two days to iron out the complexities of the Africa-wide trade zone.

The focus of the summit is on the intra-Africa trade going by the theme; The Year of AfCFTA: ‘Acceleration of the African Continental Free Trade Area Implementation.’

At the 36th ordinary Session of the AU Assembly, President Samia Suluhu …

One of the major criticisms raised against his ambitious continent-wide free trade pact is the fact that it is bound to have disproportionate benefits for different countries.  There are already pre-existing inequalities that favour more developed countries.

Bluntly speaking, it is to be reasonably expected that it is the continent’s tycoons, large business owners that will benefit the most.

Consider this, only three of the agreement’s members i.e. Nigeria, South Africa and Egypt account for almost half (50%) of all of Africa’s GDP. Take for instance the fact that in 2020 alone, the continent of Africa as a whole, imported US$20 billion worth of goods from South Africa.

With the tariff-free movement of goods, South Africa will enjoy a tremendous increase in trade output to the rest of the continent at much lower costs.…

The training programme was launched during the Intra-African Trade Fair 2021 (IATF2021), taking place in Durban, South Africa from November 17 to 21. For previously under-represented populations, the training programme strives to break down barriers to commerce.
The AfCFTA’s ‘How to Export with the AfCFTA training programme’ was designed with African businesses in mind. Small enterprises will be equipped with the tools they need to take advantage of the new trading climate and the AfCFTA’s operationalization.
In 2020, Afreximbank and ITC begun a trial programme in Côte d’Ivoire, Nigeria, and Rwanda as a test of this new programme concept. There were around 1,500 applications for the course within the first few days of its release, indicating a strong degree of interest in its subject.…