Search results
Results from the WOW.Com Content Network
Free trade between the three member nations, Canada, the US and Mexico, has been in place since January 1994. Although tariffs weren’t fully abolished until 2008, by 2014 total trilateral merchandise trade exceeded US$1.12 trillion. According to the US government, trade with Canada and Mexico supports more than 140,000 small and medium-size ...
After four years of talks, an agreement to form a 55-nation trade bloc was reached in March, paving the way for Sunday’s African Union summit in Niger where Ghana was announced as the host of the trade zone’s future headquarters and discussions were held on how exactly the bloc will operate.
Enter the African Continental Free Trade Area (AfCFTA). Launched on 1 January, the AfCFTA is an exciting game changer. Currently, Africa accounts for just 2% of global trade. And only 17% of African exports are intra-continental, compared with 59% for Asia and 68% for Europe. The potential for transformation across Africa is therefore significant.
b. Trade facilitation. In the past year, the Customs, Inspection and Quarantine Bureau, and Maritime Affairs Administration of SPFTZ have provided more than 60 new policies on trade facilitation. The basic policy is “first-line decontrolled; second-line controlled safely and efficiently, and free movement within the free trade zone”.
How Africa's free-trade zone will provide an economic boom This is how an African free trade area could impact people's health The continent will also be able to learn from the mistakes of other regions and start integration afresh, the speakers noted.
RCEP is a big deal, literally and metaphorically. When it’s signed off, the Regional Comprehensive Economic Partnership will create a free trade zone covering about 30% of the world’s gross domestic product, trade and population. It also marks the first time Japan has had an agreement with China and with South Korea.
Intra-African trade was around 2% of the continent’s total trade between 2015 and 2017, while comparative figures for America, Asia, Europe and Oceania were, respectively, 47%, 61%, 67% and 7%. The goal of Africa’s new trade pact is to increase this share within the world’s largest free trade area (in terms of numbers of countries).
The African Continental Free Trade Area (AfCFTA), established in 2018, will create the world’s largest free trade area, bringing transformative change and tremendous opportunity to African economies and business environments. Global businesses have an important role to play in accelerating the implementation of the AfCFTA. This report outlines high-potential sectors, initiatives to support ...
Listen to the article. This monthly round-up brings you a selection of the latest news and updates on global trade. Top international trade stories: US and EU to discuss green tech minerals; South Korea and Japan end trade dispute; Ukraine Black Sea grain deal extended to mid-May. 1. US and EU to start talks on trade of green tech minerals.
The African Continental Free Trade Area (AfCFTA) aims to bring together 1.3 billion people in a $3.4 trillion economic bloc that will be the largest free trade area since the establishment of the World Trade Organization. Backers say it will boost trade among African neighbours while allowing the continent to develop its own value chains.