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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Four important steps for delivering an Industry 4.0 factory and supply chain

Business Day Online 18 Feb 2020

In Africa, several developments (such as the adoption of the African Continental Free Trade Agreement by 44 countries across the continent and signals that China will offshore some of its manufacturing in the near future) are presenting opportunities for organisations that adopt ......

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United Kingdom’s CISI courts Nigeria members

Business Day Online 17 Feb 2020

“How committed are the African Countries that have embraced the African Continental Free Trade Area (AfCFTA)? The Introduction of Eco as the single currency in West Africa can eliminate some challenges, but it will limit Nigeria’s ability to manage its fiscal and monetary policy effectively at the moment....

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U.S.-Kenya Trade Talks Seen a Risk for Africa Regional Pact

Canada Dot Com 16 Feb 2020

A possible U.S.-Kenya free-trade agreement could undermine an existing continent-wide commerce pact and limit Africa’s power to negotiate with the U.S ... has a free-trade agreement in Africa with Morocco and has been seeking a sub-Saharan country with which to develop a trade deal that could be the model for others in the region....

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Experts urge deepening Africa's economic integration via WTO membership, AfCFTA implementation

Independent online (SA) 16 Feb 2020

African economic experts and policymakers attending the Africa Regional Dialogue on the World Trade Organization (WTO) Accessions on Thursday emphasised the urgent need to deepen Africa's economic integration through WTO membership and effective implementation of the Africa Continental Free Trade Area Agreement (AfCFTA)....

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Africa: Was the Tussle for AfCFTA Secretary-General an Omen?

All Africa 15 Feb 2020

The selection of the first secretary-general of the ......

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Optimism grows on Africa's security situation as continent embarks on "Silencing Guns"

Sina 14 Feb 2020

As African leaders join hands to tame conflicts that are wreaking havoc on the continent's development aspirations under the AU umbrella, experts are also calling on the continent's policymakers to repeat the unity achieved on Africa's Continental Free Trade Area Agreement (AfCFTA), which was launched in July 2019....

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Ghana-South-Africa-Team-Up-To-Revamp-Ghana-Railways

Peace FM Online 14 Feb 2020

She said she was content with the progress of work since the signing of the pact between Ghana and South Africa last December ... Mr Mogoba said with Ghana chosen by the AU to host the Secretariat of the African Continental Free Trade Area, revamping the rail sector was a very important move and South Africa was committed to the cause....

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South African President’s Speech Upstaged Again by Opposition Protest, Walkout

Voa News 13 Feb 2020

They also protested the attendance at the speech of South Africa’s last apartheid president, FW De Klerk ... This year, the Africa Continental Free Trade Area agreement comes into effect ... He added, to applause, that South Africa would host a trade summit and another summit on reducing violence on the continent later this year....

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Xinhua Headlines: Optimism grows on Africa's security situation as continent embarks on "Silencing Guns"

Xinhua 13 Feb 2020

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‘A new age has begun’ — Ramaphosa’s Sona hits all the right notes

Mail Guardian South Africa 13 Feb 2020

... to implement the African Continental Free Trade Area, which came into force last year ... If he delivers on these promises, he will go a long way towards making free trade in Africa a reality — and ensure that South Africa is once again at the centre of Africa’s economic development....

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Botswana: Trade Deal Operational in July

All Africa 13 Feb 2020

Gaborone -The Africa Continental Free Trade Area (AfCFTA), officially launched last year, will become operational in July this year, President Dr Mokgweetsi Masisi has said .......

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READ IN FULL: State of the nation address 2020

Business Day 13 Feb 2020

This year, the African Continental Free Trade Area will come into effect ... South Africa will host an Extraordinary AU Summit in May this year to finalise the modalities of the Free Trade Agreement before its implementation on 1 July 2020 ... South Africa has therefore prioritised the ......

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