Tag Archives: Free Trade

East African Countries Gather in Asmara to Discuss Regional Integration

BY ECONOMIC COMMISSION FOR AFRICA

Further regional integration is key to sustain the exceptional economic growth experienced by East Africa over the past decade. ‘How to leverage new opportunities for regional integration’ is the theme of ECA annual meeting in East Africa, which for the first time is taking place in the capital city of Asmara, Eritrea. Continue reading East African Countries Gather in Asmara to Discuss Regional Integration

African Continental Free Trade Area (AfCFTA): Towards Unity and Harmonization, Eventually…

Arguably, the long-term benefits of AfCFTA outweigh the short-term challenges a country may face if it joins.

The African Continental Free Trade Area (AfCFTA) is a planned free trade area, outlined in the African Continental Free Trade Agreement among 49 of the 55 African Union nations.

BY METKEL SEWRA | SHABAIT

Forty four out of fifty five African countries signed the consolidated text of the African Continental Free Trade Area (AfCFTA) Agreement during the 18th Extraordinary Session of the Assembly of African Union (AU) Heads of State on March 21, 2018, in Kigali, Rwanda. Continue reading African Continental Free Trade Area (AfCFTA): Towards Unity and Harmonization, Eventually…

China Unveils $3.5 bln Djibouti Free Trade Zone

Djibouti launches Africa’s largest Free Trade Zone and opens to global trade.

BY REUTERS

Djibouti commissioned a $3.5 billion, Chinese-built free trade zone on Thursday, deepening ties with the Asian giant and helping the Horn of Africa nation generate more jobs for its youths.

Djibouti, with a population of 876,000, already hosts Chinese, U.S., and French naval bases and it also handles roughly 95 percent of the goods imported by Ethiopia, its land-locked neighbor with 100 million people. Continue reading China Unveils $3.5 bln Djibouti Free Trade Zone