CHAT

Thursday, 21 November 2019

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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Chinese engagement driving Africa's industrialization

China 21 Nov 2019

In Addition to Ethiopia, Chinese-built industrial parks and free trade zones have also taken root in many other African countries such as Djibouti, Kenya, Nigeria and South Africa, eventually attracting investors into the industrial facilities....

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South Africa has a duty to uplift the rest of the continent

Independent online (SA) 20 Nov 2019

One of its responsibilities is to champion the leveraging of Africa, using the African Continental Free Trade Agreement, in its dealings with non-African partners ... As AU chair, South Africa will have to use the ideals of Agenda 2063 and the Continental Free Trade Area goals to to ......

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Roundup: Chinese engagement driving Africa's industrialization

Xinhua 20 Nov 2019

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Africa: Towards Building Africa's U.S.$3 Trillion Industry

All Africa 20 Nov 2019

... the newly created African Continental Free Trade Area (AfCTA)....

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Representatives of over 43 African countries call for harnessing SEZs to drive Africa's industrialization

Xinhua 19 Nov 2019

Attending the high-level economic zones-themed meeting, which was organized by the Africa Free Zones Organization (AFZO) in partnership with the AU Commission's Department of Trade and Industry, officials of various UN agencies, the AU as well as other international and ......

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AfCFTA’s $3-trillion trade growth potential hinges on more manufacturing

Business Day 19 Nov 2019

Our research indicates that to unlock the full $3-trillion in growth potential that free trade will bring, governments and businesses in Africa need to fully support the AfCFTA agreement and prioritise it over the patchwork of regional and competing agreements in Africa....

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Dubai’s non-oil trade with Africa to hit $272bn

Gulf Daily News 19 Nov 2019

... climate in Africa to identify growth opportunities available for our members,” Al Ghurair explained, underlining the huge potential to boost UAE-Africa trade and investment flows following the launch of the African Continental Free Trade Area (AfCFTA) earlier this year....

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Nigerian Banks’ N43.7tn Total Assets Low, Says Soludo

This Day 19 Nov 2019

‘Beyond the Precipe…Pulling Back from the Brink,’ by Afrinvest West Africa Limited, which held in Lagos ... “Now that we are actually integrating Africa to have a continental free trade area, what kind of banking and financial system do we really need to be able to move this economy, which is the largest in Africa?....

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Roundup: Experts, policymakers gather in Ethiopia to discuss on SEZ's role to spur Africa's industrialization

Xinhua 18 Nov 2019

The AIW-2019 is organized by the AU Commission's Department of Trade and Industry in collaboration with International Trade Centre, Geneva, Ethiopian Ministry of Trade and Industry, the Africa Free Zones Organization, the UN Industrial Development Organization, the UN Conference ......

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Dubai's non-oil trade with Africa to touch Dh1 trillion over nine years

The National 18 Nov 2019

Developments such as the launch of the African Continental Free Trade Area (AfCFTA) earlier this year - a broadened African free trade agreement between 54 countries - offer huge potential to boost UAE-Africa trade and investment flows, Mr Al Ghurair noted....

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Kale: Data, Statistics Crucial for Accountability, Policy Drive

This Day 18 Nov 2019

“AfCFTA provides the opportunity for Africa to create the world’s largest free trade area, which is also a new hope for boosting intra-Africa trade across African countries with a huge population of the people.”. He said the trade agreement would mark a new dawn for Africa’s ......

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Transforming Africa’s economic landscape

Gulf News 17 Nov 2019

Africa has always been an important market for the Gulf, dating back to the origins of the Silk Road trade route between East and West ... Not to mention easier access to Africa’s two biggest trading partners ... Non-oil trade between Dubai and Africa has increased steadily in recent years, valued at Dh136.63 billion in 2018....

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When Africans are united, even powerful multinationals have no choice but to toe the line

Independent online (SA) 17 Nov 2019

The trade ... Ignore the advocates of free trade who will accuse the two countries of market interference ... It is this kind of boldness to collaborate that will rescue Africa from its perpetual yoke of exploitation and make the African Continental Free Trade Agreement a reality....