Description: Africa-Free-Trade Zone | Inside Story, African Continental Free Trade Area Agreement: Africa's Blueprint for Growth, Could ACFTA free trade deal be a new dawn for Africa? - BBC News, The African Continental Free Trade Area #AfCFTA (English version)
video (50872) headlines (21498) world news (21468) worldnews (20541) sign up and share your playlists (20518) videos and editable pages for news (20515) wn archive (20234) wn network (20225) african free trade (1) african free trade breaking news (1)
Free trade is a policy followed by some international markets in which countries' governments do not restrict imports from, or exports to, other countries. Free trade is exemplified by the European Economic Area and the North American Free Trade Agreement , which have established open markets . Most nations are today members of the World Trade Organization (WTO) multilateral trade agreements. However, most governments still impose some protectionist policies that are intended to support local employment, su
Free trade policies generally promote the following features:
One year after the implementation of the African Continental Free Trade Area Agreement (AfCFTA), which came into force on January 1, 2021, Nigeria continues to lag behind in making the trade agreement operational owing to structural challenges, Coronavirus pandemic, and lack of consensus on trade protocols and strategy among stakeholders. Despite the ratification of the trade deal among African countries, with exception of Eritrea, the political will to implement the deal remains in doubt going to the pace