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

Nigeria:Buhari Charges Committee to Address Risks in Africa Free Trade Agreement

All Africa 23 Oct 2018

President Muhammmadu Buhari Monday charged the Presidential Committee for Impact and Readiness Assessment of the Africa Continental Free Trade Area, to address risks associated with signing the AFCFTA agreement .......

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The good ship Brexit’s mission of free trade and empire

Open Democracy 23 Oct 2018

“A free trade area between Britain, a largely developed country and Africa, a poor continent, was always going to exacerbate inequalities, trade deficits, and the dependency of the latter on the former. ‘Free trade’ is really just the name given to the ideology that justifies this power imbalance,” wrote Africa Kiiza of the Southern and Eastern African Trade Information and Negotiations Institute (SEATINI) last year....

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Nigeria:President Buhari's Remarks At Inauguration of Committee On AFCFTA

All Africa 23 Oct 2018

ADDRESS BY HIS EXCELLENCY MUHAMMADU BUHARI, PRESIDENT, FEDERAL REPUBLIC OF NIGERIA, AT THE INAUGURATION OF THE COMMITTEE TO ASSESS IMPACT AND READINESS FOR THE AFRICA CONTINENTAL FREE TRADE AREA AGREEMENT (AFCFTA) MONDAY, 22 OCTOBER, 2018 .......

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Buhari charges committee to address risks in AFCFTA

Business Day Online 22 Oct 2018

President Muhammmadu Buhari on Monday charged the Presidential Committee for Impact and Readiness Assessment of the Africa Continental Free Trade Area, to address risks associated with signing the AFCFTA agreement ... The President had noted that Nigeria,s vision for intra-Africa trade is for the free movement of “made in Africa goods” ... “Therefore, the Continental Free Trade Area must be packaged and implemented to achieve this vision....

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Buhari inaugurate committee on AFCFTA

Business Day Online 22 Oct 2018

President Muhammmadu Buhari on Monday inaugurated Presidential Committee for Impact and Readiness Assessment of the Africa Continental Free Trade Area, AFCFTA ... of origin, low capacity to conduct international trade,” amongst others....

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ECA vows to support Africa address socioeconomic, environmental challenges

Xinhua 18 Oct 2018

18 (Xinhua) -- The Executive Secretary of the UN Economic Commission for Africa (ECA) Vera Songwe on Thursday called on African countries to rely on the ECA as a premier think tank to address some of the continent's social, economic and environmental challenges ... Songwe also commended Africa's commitment in the formation of the African Continental Free Trade Agreement(AfCFTA)....

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China, Belgium to strengthen cooperation

People Daily 18 Oct 2018

The Chinese premier said China and Europe, both as major economies, should work together and take steps to push for progress in the negotiations of a China-EU investment treaty so as to send a positive message of upholding free trade, economic globalization, and the multilateral trading regime ... market cooperation in Africa and Asia, Michel said....

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Egypt to host EU-Arab summit in February

Middle East Online 18 Oct 2018

EU officials said the summit was part of a broader push to build closer ties with Africa outlined by European Commission President Jean-Claude Juncker in September ... Juncker urged the EU to strike a "new alliance" with Africa that would create millions of jobs and include a free trade deal ... The EU also wants to boost development in sub-Saharan Africa to ease the poverty that often drives migration ... ....

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EU-Arab summit set for February 24-25 in Egypt

Arab News 18 Oct 2018

BRUSSELS ... EU officials said the summit was part of a broader push to build closer ties with Africa outlined by European Commission President Jean-Claude Juncker in September ... Juncker urged the EU to strike a “new alliance” with Africa that would create millions of jobs and include a free trade deal ... The EU also wants to boost development in sub-Saharan Africa to ease the poverty that often drives migration ... Main category....

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US, South African farmers cry fowl over Trump metal tariffs

Chicago Sun-Times 17 Oct 2018

WASHINGTON — Which came first, the chicken or the trade war?. Well before President Donald Trump began slapping tariffs on steel, aluminum and other imported goods, there was a deal with South Africa that gave U.S ... They cite a lawsuit in South Africa that aims to end duty-free imports of American chicken unless South Africa is exempted from Trump’s metal tariffs ... trade law intended to stoke economic growth in sub-Saharan Africa....

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photo: WN / RTayco

Metal scaffoldings setup during an elevated roadway construction. Taken on April 2017.

Metals tariffs threaten poultry

Arkansas Online 17 Oct 2018

WASHINGTON -- Well before President Donald Trump began imposing tariffs on steel, aluminum and other imported goods, there was a deal with South Africa that gave U.S ... They cite a lawsuit in South Africa that aims to end duty-free imports of American poultry unless South Africa is exempted from Trump's metal tariffs ... Exports to South Africa fell to almost zero ... trade law intended to stoke economic growth in sub-Saharan Africa....

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U.S., South African farmers cry fowl over Trump tariffs

Republican American 17 Oct 2018

WASHINGTON – Which came first, the chicken or the trade war? ... chicken producers duty-free access to a market that had effectively been shut to them for years ... They cite a lawsuit in South Africa that aims to end duty-free imports of American chicken unless South Africa is exempted from Trump’s metal tariffs ... trade law intended to stoke economic growth in sub-Saharan Africa ... The lawsuit contends duty-free imports of U.S....

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New electronics policy lacks a punch

DNA India 17 Oct 2018

It plans to provide an attractive package of incentives for promotion of indigenisation and export of electronics allowing Indian Electronic system design and manufacturing (ESDM) exporters by facilitating global market access, entering into Free Trade Agreements (FTAs) with economies such as EU, Africa, and South America ... Africa Electronics South ......

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