Free trade

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, such as applying tariffs to imports or subsidies to exports. Governments may also restrict free trade to limit exports of natural resources. Other barriers that may hinder trade include import quotas, taxes, and non-tariff barriers, such as regulatory legislation.

Features of free trade

Free trade policies generally promote the following features:

Trade of goods without taxes (including tariffs) or other trade barriers (e.g., quotas on imports or subsidies for producers)

Trade in services without taxes or other trade barriers

This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Free_trade

Latest News for: Africa free trade

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When will Africa have a rebirth?

Business Day Online 02 Jun 2020

Widespread testing may not be possible in Africa as it is the case with some developed countries ... Trade between Africa and China has increased. China has increased its aid to Africa, provide more concessional finance for trade and infrastructure, allow duty-free entry for many African exports and build more schools and hospitals....

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Africa: 'Africa's Free Trade Area and Integration Will Help Silence the Guns'

All Africa 30 May 2020

Leading Experts On Africa's Development Have Said That the Speed and Scope of the Continent's Post-COVID-19 Recovery Will Depend On the Effective Implementation of the African Continental Free Trade (AfCFTA) .......

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Interview: BRI offers opportunities for realization of a shared future: Zambia expert

China.dot.org 29 May 2020

Mulikita, who is Dean, School of Social Sciences at Mulungulushi University, said the project is also beneficial to Africa as it helps to enhance the Africa Continental Free Trade Area (AfCFTA), which is also about infrastructure development, and that the vision of the AfCFTA is compatible with that of the BRI....

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OPINION: International Comparisons Program report sheds light Covid-19

Independent online (SA) 28 May 2020

When we commemorated May 25, our Africa day, ICP unfortunately continues to be that metaphorical stone that the builder rejected only to discover when the damage is done, that it is the corner stone of the building –the foundation for industrialization strategy and the basis for the Africa Continental Free Trade Agreement (ACFTA)....

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OPINION: Inclusive agribusiness value chains for Africa

Independent online (SA) 28 May 2020

... Africa, the sector could contribute $1 trillion (R17.4 trillion) by 2030 ... The sharing of expertise and resources becomes even more feasible with an increased African regional integration as envisaged under the Africa Continental Free Trade Agreement and other similar instruments....

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Sierra Leone: State opening of Parliament

The Patriotic Vanguard 28 May 2020

The Ministry of Trade and Industry will further seek to explore the benefits of market access and linkages provided for in trade agreements, including the Africa Growth and Opportunities Act of the United States (AGOA) and the new Africa Continental Free Trade Agreement....

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Bio rallies support for his state of nation address – has he done enough in ...

Sierra Leone Telegraph 28 May 2020

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ANALYSIS: How a post-COVID-19 revival could kickstart Africa's free trade area

Eye Witness News 27 May 2020

Africa is more vulnerable to the impact of COVID-19 because it is highly dependent on imports for its medicinal and pharmaceutical products and on commodity exports ... ....

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COVID-19 presents unique opportunities to speed up Africa’s integration agenda and implementation of AfCFTA

Graphic 27 May 2020

It also calculates regional integration scores for the continent on the five dimensions, namely trade, production, macroeconomics, infrastructural, and the free movement of people ... It also presents opportunities for us to hasten Africa’s integration agenda, especially the implementation of the African Continental Free Trade Area (AfCFTA)....

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Africa can build back better after Covid-19

Mail Guardian South Africa 27 May 2020

Third, implement the African Continental Free Trade Area in order to fast-track Africa’s industrialisation and position its economy to better withstand future global shocks ... This op-ed was first published by Africa Renewal, a United Nations magazine All our essential coronavirus coverage is free for all readers....

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How a post-COVID-19 revival could kickstart Africa’s free trade area

Public Technologies 27 May 2020

The free trade area could become a landmark in Africa's journey towards peace, prosperity and integration. The COVID-19 pandemic, notwithstanding its devastating impact on the health and economies of Africa, could be an opportunity to advance the free trade area in a more developmental, inclusive and mutually beneficial way for African countries....

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We-Cannot-Defer-Plans-On-AfCFTA---Ayorkor-Botchwey-Urges-African-Leaders

Peace FM Online 27 May 2020

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Africa's free trade area is delayed by the coronavirus, but experts say it's vital to recovery

CNBC 26 May 2020

The African Continental Free Trade Area (AfCFTA) must not be allowed to fall by the wayside, according to experts, after its launch was postponed by the coronavirus pandemic ... ....