ISDS Case Map
AfCFTA
African Continental Free Trade Area
South Africa will motivate for the extension and renewal of the US preferential trade framework the African Growth and Opportunity Act (AGOA) for itself and other African countries.
The top US trade official said renewing the nation’s preferential access programme for African products without changes counters the Biden administration’s objectives in global commerce.
This past summer, the global trade regime finalized details for a revolution in African agriculture. Under a pending draft protocol on IPR, the trade bodies sponsoring the AFCFTA seek to lock all 54 African nations into a proprietary and punitive model of food cultivation.
A memorandum of understanding (MoU) was signed in December 2022, between the United States (US) trade representative and the AfCFTA Secretariat at the US-Africa Leaders’ Summit (Summit) in Washington DC.
In order for businesses to fully take advantage of the opportunities provided by South Africa being part of BRICS and Africa, several infrastructure challenges have to be overcome, which the African Continental Free Trade Agreement (AfCFTA) could help solve.
Kenya’s ratification of a bilateral investment treaty with Singapore is set to enhance trade and investment relations between the two nations.
Accelerate the construction of a large African trade zone free of customs duties, in particular. This is what Comorian President Azali Assoumani, who this year holds the presidency of the African Union, is committed to.
The African Union is putting the finishing touches to the draft protocol on intellectual property rights to the agreement establishing the African Continental Free Trade Area.
Nigeria’s intra-African trade value dipped 11.95 per cent year-on-year (YoY) from N956.93 billion in the first quarter of 2022 (Q1 2022) to N842.6 billion in Q1 2023, despite operation of the African Continental Free Trade Area (AfCFTA) since 2021.
