LUSAKA, July 9 (Xinhua) — The Zambian government said Tuesday that the operationalization of the Continental Free Trade Area (AfCFTA) is an important step in promoting trade in Africa and economic integration. She said ratification of the agreement would allow the country to access a wider market and harmonize trade instruments in the continent`s regional economic communities. Zambia has duty- and quota-free access to the EU market under the “Everything but Arms” (EBA) programme for the world`s least developed countries (LDCs). Zambia is also entitled to commercial benefits under the African Growth and Opportunity Act (AGOA), which provides duty- and quota-free access to the U.S. market for most products, including textiles and clothing. It describes the bilateral and multilateral trade agreements to which that country belongs, including with the United States. Includes websites and other resources that allow U.S. companies to get more information about how they can use these agreements. He called on the AU to accelerate work on other areas, such as market access offers, trade in services negotiations, competition, investment and intellectual property. Christopher Yaluma, Minister of Trade, Trade and Industry, said opening markets in Africa represented huge opportunities for technology transfer and created synergies to stimulate economic growth and development. The agreement was negotiated by the African Union (AU) on 21 March 2018 and came into force on 30 May 2019. However, the Zambian minister called on the AU to find a solid facility that will minimize the economic shocks that will result from the removal of tariffs, according to the communication.
Xi points out the party building in the central party, state institutions put your mouse above a dispute number in the table below to see the title of the dispute. Click on the discord number to access a page with detailed information about this dispute. Xinhua Headlines: 70 years later, China`s steel giant is moving into the bright future Zambian, he says, was obliged to ensure that AfCFTA was beneficial to all participating countries. LUSAKA, October 27 (Xinhua) — Zambia`s cabinet has approved ratification of the African Continental Free Trade Area (AfCFTA), a spokesman said Tuesday. This page gathers important information on Zambia`s participation in the WTO. Zambia has been a member of the WTO since 1 January 1995 and a member of the GATT since 10 February 1982. Joseph Malanji, Zambia`s foreign minister, said in a press release that Africa`s courageous decision to open markets should go hand in hand with the continent`s industrialization programme. See the tPR gateway for statements and backgrounds On Monday, African leaders launched the afCFTA operational phase at the 12th Extraordinary Summit of African Union (AU) Heads of State and Government in Niamey, Niger. Zambia is part of the 21-member common market for East and South Africa (COMESA), which allows tariff preferences between member states. Zambia is also part of the 16-member Southern African Development Community (SADC), which concluded a free trade agreement in 2008. AfCFTA is governed by five operational instruments, namely the rules of origin, the online trading forum, monitoring and removal of non-tariff barriers, a digital payment system and the African Trade Observatory. “The agreement creates a single market of preferences for goods and services on the continent as a whole and will accelerate continental integration and access to members of regional economic communities who tend to limit the efficiency and effectiveness of these organizations,” she said in a press release.
Prime Minister Dora Siliya said the cabinet had approved ratification of the agreement at its meeting on Monday (October 26th). AfCFTA covers a market of more than 1.2 billion people. Enditem. The creation of a single market by merging the tripartite free trade area (COMESA, The Community of