A year ago, South African President Cyril Ramaphosa, wearing his African Union chairperson hat, convened a special AU summit to launch the African Continental Free Trade Area . The AfCFTA aims to liberalise 97 per cent of intra-African trade. The leaders agreed, with considerable fanfare, that trading would start on January 1, 2021.
Meanwhile, Egypt, Kenya and he thought South Africa had already gazetted their reduced import tariffs while others were still negotiating among themselves, which is how the import tariffs work, rather than multilaterally. Mr Mene predicted that trading under the AfCFTA would begin early next year. He noted that countries could have begun trading in the products for which rules of origin had already been agreed upon.on the TradeExperettes website, Catherine Grant Makokera, Head of Tutwa Consulting, said considerable tensions between the free market vision of the AfCFTA and the national economic development priorities of the participating countries are one of the main causes of delay.
Indeed one hears that for several countries with significant industrial bases – like South Africa – trying to squeeze all the products it wants to protect into that 3 per cent exclusion box is proving difficult.
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