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

Edit

East African countries seek to speed up implementation of African free trade area

Xinhua 20 Nov 2018

Ten more ratifications are needed for the AfCFTA to come into force and make Africa the largest free trade area in terms of the number of participating countries since the formation of the World Trade Organization ... Over 250 participants attended the meeting under the theme "Implementing the African Continental Free Trade Area in Eastern Africa....

Edit

South Africans remain divided on Recommended land amendment to the Constitution

Coastweek 20 Nov 2018

The land reform fears have put South Africa’s rand on the back foot ... This is the only way South Africa can free up the energy space to competition, stability and reliability, he said ... Davies mentioned that South Africa fully supports the establishment of Africa free trade area which would embrace 1.2 billion people and 3.4 trillion U.S....

Edit

Pentagon announces force realignment in Africa Command

Coastweek 19 Nov 2018

Ahmed also emphasized that it is critical for Africa to ... According to Songwe, leveraging the ongoing technological revolution on the continent, digital ID will enhance inclusion as well as to facilitate trade in the context of the Africa Continental Free Trade Area (AfCFTA)....

Edit

China in Africa: an increasingly uneasy marriage of interests

The National 19 Nov 2018

For example, as part of its Belt and Road Initiative, China has financed a $4bn railway connecting landlocked Ethiopia with the port of Djibouti, where it has also opened the first phase of a $3.5bn project to create Africa’s largest free-trade zone ... As China’s role in Africa has matured, the results of its investments are have begun to be seen....

Edit

Atiku Prioritises Human Capital Devt, Jobs, Infrastructure, Poverty Eradication

This Day 19 Nov 2018

The PDP presidential candidate said his administration, if elected, would increase Nigeria’s export base and the country’s market in Africa; sign-off the African Free Trade Continental Agreement (AfCFTA), which the Buhari government has failed to sign; engage the organised ......

Edit

Central Africa's free trade instruments gaining traction in DR Congo

Public Technologies 18 Nov 2018

The series of training ultimately seeks to fully activate free trade within the ECCAS and help to operationalize the African Continental Free Trade Area (AfCFTA), whose legal instruments were signed on 21 March 2018 in Kigali, Rwanda ... of ECCAS and CEMAC trade policy instruments....

Edit

Ethiopian PM says digital identification vital for Africa's development

Xinhua 18 Nov 2018

Edit

Ramaphosa bolsters ties with EU allies

Independent online (SA) 17 Nov 2018

This is imperative at a time when South Africa’s economy needs significant new investment and increased trade in order to achieve desired levels of economic growth and create new jobs ... On issues such as migration, climate change, human rights, and free trade South Africa and the EU are most often on the same page....

Edit

Building a new Zimbabwe: Flagship report by AfDB

Independent online (SA) 17 Nov 2018

HARARE – The African Development Bank (AfDB) has launched a flagship economic report on Zimbabwe, titled. “Building a new Zimbabwe ... For him, “this is an unprecedented asset for the country to join existing supply chains in Africa via the African Continental Free Trade Area” ... Content supplied by The African Development Bank Group....

Edit

Lawyers, others confident AfCFTA would be signed sooner than later

Business Day Online 16 Nov 2018

Seni who was recently inaugurated into the presidential committee for Impact and Readiness Assessment of the Africa Continental Free Trade Area (AfCFTA), by President Muhammadu Buhari, spoke at the Africa Trade Forum 2018 in Lagos, Nigeria ... Continental Free Trade Area (AfCFTA)....

Edit

Government to support buoyant and flourishing private sector – Minister

Ghana Business News 16 Nov 2018

To make the country more attractive for FDI, Government intends to make Ghana a member of the Africa Trade Insurance Agency ... To this end, in March, Ghana signed the African Continental Free Trade Agreement, which seeks to create a single market for goods and services in Africa....

Edit

UK Prime Minister visits West Africa

Sierra Express Media 14 Nov 2018

Global Britain is a pioneer of investment and free trade, home to the City of London, cutting-edge science and technology industries, and world-class defence, diplomacy and development expertise ... The UK is uniquely positioned to be Africa’s private investment partner of choice ......

Edit

Newton-Offei writes: My postcard from Sandton

Joy Online 13 Nov 2018

South Africa is also a member of BRICS, a league of emerging economic bloc, comprising Brazil, Russia, India, China and South Africa, and fashioned to compete with the likes of North America Free Trade Area [NAFTA], European Economic Union [EEU] and Association of South East ......