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

Is there a common destiny between Buhari & Trump?

Business Day Online 21 Aug 2018

I have been in the United States of America attending family events and attempting a vacation ... Nigerian politicians seem to be taking the people for a ride ... That got me thinking ... Fortunately, PMB does not seem to have much problem with the international community, though Nigeria is holding Africa back in many respects, more so now with its reluctance to sign the African Continental Free trade Area (AfCFTA) pact ... Mazi Sam Ohuabunwa OFR....

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Explainer: How the AfCFTA can impact local businesses in Nigeria

Business Day Online 20 Aug 2018

So far, 44 out of 54 African countries have signed for the establishment of an Africa Continental Free Trade Area (AfCFTA) which would make it one of the largest free trade blocs in the world today. Nigeria and South Africa are among the 10 nations which are yet to sign the AfCFTA for numerous economic Please visit ......

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Southern Africa:Kagame to SADC - It's Time to Sign up for the Continental Trade Area

All Africa 20 Aug 2018

Rwanda President Paul Kagame has once again promoted the Continental Free Trade Area (CFTA) as a pact that will guarantee the improvement of Africa's negotiating position globally .......

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Is free trade always the answer?

The Guardian 13 Aug 2018

Economists argue about a lot of things, yet many would probably agree on the benefits of free trade, which generates wealth by allowing the free flow of goods across international borders, without taxes and other such barriers. The argument runs that billions of people around the world have been lifted out of poverty by the combined power of capitalism and free trade ... Briefing box 2 Is free trade always the answer?....

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Africa free trade talks pass the halfway mark on new rules

Business Day 10 Aug 2018

Members of the Tripartite Free Trade Area (TFTA) in Africa have completed more than half the work needed to finalise the rules to govern how products imported ......

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Africa:EU-Africa Free Trade Will Create More Imbalances, Say Critics

All Africa 10 Aug 2018

Germany's development minister has sparked a debate by calling for EU tariffs to be waived on African goods. Critics question whether import duties are really the issue, or are there other barriers to trade? .......

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EU-Africa free trade will create more imbalances, say critics

Deutsche Welle 09 Aug 2018

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Belt, Road can ignite Africa’s industrial revolution

China Daily 08 Aug 2018

Regarded as Africa’s largest free trade zone, the $370 million, 240-hectare pilot zone consists of four industrial clusters which will focus on trade and logistics, export processing, business and financial support services, as well as manufacturing and duty-free merchandise retail....

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Namibia:Free Trade Committee to Be Established

All Africa 08 Aug 2018

INFORMATION minister Stanley Simataa last week said the government will establish a committee to facilitate the implementation of the Africa continental free trade agreement .......

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Trump’s trade bullying may benefit Africa

Independent online (SA) 05 Aug 2018

One very obvious one is uncertainty about the future of conditions negotiated towards Agoa, by which the US offers duty-free access to a number of traded products from Africa ... While the US measure relates only to apparel-related exports, a mere 3% of total exports to the US in 2017, it is a significant signal of US posture towards Africa’s quest for economic freedom and fair trade relations....

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The Election of President Muhammadu Buhari as ECOWAS Chairman and Regional Issues and Questions

This Day 05 Aug 2018

Second, there is the problem of free movement and right of establishment of Community Citizens in any Member State of the regional organisation ... (Right of Residence) of the Protocol on Free Movement of Persons, the Right of Residence and Establishment) ... Pressure may also be brought on PMB on a similar question, Nigeria’s reluctance in signing the Africa Continental Free Trade Agreement....

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East Africa:Comesa to Set Up Team On Digital Free Trade Area

All Africa 03 Aug 2018

The Common Market for Eastern and Southern Africa (Comesa) plans to set up a team to oversee the implementation of the Digital Free Trade Area (DFTA) .......

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Africa:Why Nigeria Had Good Reasons to Delay Signing Africa's Free Trade Deal

All Africa 01 Aug 2018

Much has been made of the embarrassing withdrawal by Nigeria from signing the African Continental Free Trade Agreement earlier this year having initially made the commitment to sign them .......

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