As World Wavers on Free Trade, Africa Embraces It: QuickTake - Bloomberg
As we leave the largest and most sophisticated trading bloc in the world 51 of Africa’s 52 countries are entering into a trading bloc agreement to lower tariffs on 90% of good. More bloomberg.com/news/articles/…
As we leave the largest and most sophisticated trading bloc in the world 51 of Africa’s 52 countries are entering into a trading bloc agreement to lower tariffs on 90% of good. More bloomberg.com/news/articles/…
Free movement of goods, capital, services and people.
Liberalise investment.
Sounds familiar? That’s because they are modelling it on the EU and this is the first step.
They plan a CU next.
How ironical.
Set to operate next year. Half the countries already ratified it.
Liberalise investment.
Sounds familiar? That’s because they are modelling it on the EU and this is the first step.
They plan a CU next.
How ironical.
Set to operate next year. Half the countries already ratified it.
Whilst the intention is to remove tariffs on 90% of goods, because the tariffs are a source of both protection and revenue discissions are ongoing to determine timescale.
The current 15% of inter-Africa trade is expected to double in 10 years.
The current 15% of inter-Africa trade is expected to double in 10 years.
South Africa is the most industrialised of the countries but NTBs such as poor transport infrastructure, delays at border posts, poorly trained customs officers and corruption.
Oh Joy. What is coming our way?
Oh Joy. What is coming our way?
