African Free Trade Deal 'Comes Into Force,' but Negotiations Continue on Tariffs, Rules of Origin
The African Continental Free Trade Area came into force May 30, though negotiations continue on exactly how the FTA will operate, according to press reports. The agreement legally took effect at midnight, but the countries that have signed it have…
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up until July to work out the details of how it will work, according to the Kenya-based East African. That’s when leaders from the AfCFTA countries will hold a summit where the launch of the “operational phase” of the agreement will be announced, said a report on the Nigerian Vanguard website. Until then, negotiations continue on issues like rules of origin, tariff concessions and non-tariff barriers, Rwanda-based The New Times said in a report. Then, after the July 7 summit, member countries will enter phase two of negotiations on investment, competition policy and intellectual property rights, The New Times report said.