CHAT

Thursday, 29 October 2020

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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Rwanda to commission consulate in Ghana to enhance intra-African trade as AfCFTA takes off

Ghana Business News 29 Oct 2020

Aisa Krabo Kacyira in Accra, she said there is the need for African countries to be committed to a common sense of purpose to achieve an intra-Africa trade area ... She believes the time has come for Africa to be able to produce, process, and market its products to ensure jobs for the people through a common market of the Africa free trade....

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Africa needs to improve continent's integration

China Daily 28 Oct 2020

However, according to the United Nations Conference on Trade and Development's "Economic Development in Africa Report 2020", African countries need to build greater cooperation under the African Continental Free Trade Area to curb corruption and illicit financial flows....

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Virtual expo taps China-Africa digital cooperation

China Daily 28 Oct 2020

The online event, which runs till Nov 4, is also known as the China-Central and Eastern Africa International Trade Digital Expo. It focuses on trade promotion between China and Africa through an innovative exhibition model ... The African Continental Free Trade Area is being built steadily and will be officially implemented in January 2021, Liu said....

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Africa: Clarion Call for AfCFTA Trade to Begin in 2021

All Africa 28 Oct 2020

Washington, DC -- In this brief Manchester Trade paper, we argue that unless intra-African trade under ......

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No mention of Africa when it comes to US foreign policy

Mail Guardian South Africa 24 Oct 2020

Africa, however, has also become the arena for competing foreign power interests seeking economic domination ... At the epicentre of a new image is the establishment of the 28-ratified member African Continental Free Trade Area (AFCTA) ... Africa is the US’s third-largest trading partner after China and the European Union....

photo: Creative Commons / ITU Pictures

Ghana day at ITU Telecom World 2016 event in Bangkok, Thailand

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Ghana is ready for AfCFTA – Minister

Ghana Business News 23 Oct 2020

The Minister of Trade and Industry, Mr Alan Kyerematen, says Ghana is ready to take advantage of the African Continental Free Trade Area (AfCFTA) ... The AfCFTA makes Africa the largest free trade area in the world with a population of 1.2 billion people and a total Gross Domestic Product (GDP) of over US$3.4 trillion....

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President urges African leaders to ratify Investment Bank Legal instrument

Ghana Business News 23 Oct 2020

Africa had more than 40 currencies, which were characterised by frequent volatility, ... “This constitutes one of the biggest barriers to the effective implementation of the Africa Continental Free Trade Area (AfCFTA) and the development of the Continent,” President Akufo-Addo said....

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Why Okonjo-Iweala should lead the World Trade Organisation

Graphic 21 Oct 2020

The African Continental Free Trade Area — delayed due to COVID-19 but still on track to come into effect in 2021 — will address Africa’s fragmentation by creating the world’s largest common market ... created, Africa will not break free from cycles of poverty, migration and conflict....

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How to get $100 Free Cryptocurrency in South Africa

The Bitcoin News 21 Oct 2020

Whether you’re new to crypto or are a seasoned trader, Snapex has $100 worth of free cryptocurrency for you ... Here is how to get $100 free cryptocurrency in South Africa ... https.//blocknewsafrica.com/how-to-get-100-free-cryptocurrency-in-south-africa/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-get-100-free-cryptocurrency-in-south-africa....

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African-Continental-Free-Trade-Area---The-Opportunity-Africa-Offers-

Peace FM Online 21 Oct 2020

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Roundup: Research key as Africa moves towards AfCFTA implementation

China.dot.org 20 Oct 2020

20 (Xinhua) -- The UN Economic Commission for Africa (UNECA) on Tuesday stressed that continued research is the key as Africa moves towards implementation of game-changing African Continental Free Trade Area (AfCFTA) ... with the African Continental Free Trade Area (AfCFTA)."....

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Africa: Govt Holds National Confab On Implementation of AfCFTA Agreement Tomorrow

All Africa 20 Oct 2020

The government will hold a two-day National Conference in Accra from Tuesday, October 20 to 21, 2020 on the implementation of the Africa Continental Free Trade Area (AfCFTA) agreement .......

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SA industrial policies should focus on Africa

Independent online (SA) 19 Oct 2020

South Africa’s latest unemployment figure of 42 percent adds a tangible, human dimension to the decline, demanding reflection on industrial and trade policies ... does the industry have the potential to export to our neighbours, or can it get there using the African Free Trade Agreement? The focus should therefore be on Africa and the Middle East....