African Development Bank has recommended elimination of all bilateral tariffs and keeping rules of origin transparent around intra-African trade to realize full benefits. Kenya signed the Africa Continental Free Trade Area agreement in March 2018 in Kigali, Rwanda to be among 49 other signatories. Other instruments include the protocols on trade in goods, protocol in trade in services, and the protocol in dispute settlement. Word in policy circles, however, has it that African trade negotiators already have identified 800 products for specific treatment,” it added. AfCTA aims to boost African economies by harmonizing trade liberalization across sub-regions and at the continental level.

Source: The Star January 20, 2019 20:06 UTC