CHAT

Saturday, 21 September 2019

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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Government to ban foreign business from 'certain sectors'

Independent online (SA) 21 Sep 2019

... Khumbudzo Ntshavheni, was developing legislation in relation to foreign nationals doing business in South Africa ... “Because South Africa is the most industrialised economy on the continent, we are going to be the biggest beneficiaries of the Africa Free Trade Agreement....

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The Brazzaville-Kinshasa rail, road, bridge and the PIDA connecting Africa

Ghana Business News 20 Sep 2019

That is why “we,” journalists from Northern, Southern, Eastern, Central and Western Africa have come here ... This way, from Lagos to Addis Ababa, Cape to Cairo, Tripoli to Windhoek, persons, goods and services can move across Africa seamlessly under the steam of the Continental African Free Trade Area (AfCFTA)....

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ICAG builds public confidence in African Continental Free Trade Agreement

Ghana Business News 19 Sep 2019

Mr Stephen Mickson Opoku, the Principal Commercial Officer at the Ministry of Trade and Industry (MOTI), explained that the Agreement would create the world’s largest free trade zone in Africa, with her 54 countries and 1.2 billion people, being the fastest growing Continent ... Africa free trade 2019-09-19 emmakd....

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South Africa and Botswana collaborate on all standards related matters

Independent online (SA) 19 Sep 2019

... the need for collaboration amongst African countries to ensure that the needs of Africa are included in the global standard setting arena, and how can standardisation impact the African continental free trade area agreement, are among other topics being discussed at the event....

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Prez-Akufo-Addo-Attends-74th-Session-Of-UN-General-Assembly

Peace FM Online 19 Sep 2019

President Akufo-Addo will also participate in, and deliver remarks at an event to be hosted by the US Corporate Council on Africa (CCA), celebrating the African Continental Free Trade Agreement (AfCFTA), and participate in a series of UN-related side meetings....

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Africa’s M&A deals surge 31% in H1 2019 amid volume decline

Business Day Online 18 Sep 2019

According to him, additional good news for investors in Africa is the recent launch of the operational phase of the African Continental Free Trade Area (AFCFTA), which should provide an additional boost deal activity in the coming years ... development in Africa,” he notes....

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AU needs to make AfCFTA a mechanism for local industrialisation – Jadesimi

Business Day Online 18 Sep 2019

African Union (AU) needs to develop a continental-focused solution designed to make the Africa Continental Free Trade Agreement (AfCFTA) a mechanism for tangible economic growth, focusing on local industrialisation, job creation and development, says Amy Jadesimi, managing director of LADOL, a Lagos-based industrial free zone....

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Africa’s free trade area: the journey begins

Modern Ghana 17 Sep 2019

In July 2019, the African Union launched the operational phase of the African Continental Free Trade Area (AfCFTA) at a summit in Niger ... With a combined market of over 1.2 billion people and a GDP of $2.5 trillion, AfCFTA could potentially make Africa the largest free trade area in t ... ....

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Zambia to host AU conference on civil registration

Xinhua 17 Sep 2019

... of goods and services in Africa ... According to him, it would be difficult to achieve the goals set out in the AU Agenda 2063 and the Africa Continental Free Trade Area without countries having people with legal identity, proper and adequate statistics on trade and economics....

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Xenophobia: Nigeria, South Africa Mend Fences as Ramaphosa Apologises

This Day 17 Sep 2019

Mutual understanding and acknowledgement of what needs to be done on all sides is imperative and getting down to doing them is the solution that will serve Nigeria and South Africa and indeed Africa well particularly in this era of Africa Continental Free Trade Area opportunities....

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African Continental Free Trade Agreement Is a Good Choice for Ghana―experts

All Africa 17 Sep 2019

Ghana has made a good choice for Africa's integration efforts by ratifying the African Continental Free Trade Agreement (AfCFTA) and is firmly committed to supporting its successful implementation .......

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I have apologised on SA's behalf, Ramaphosa says of xenophobic violence

Independent online (SA) 16 Sep 2019

Ramaphosa said he was the target of collective anger towards South Africa ... Every day, we continue hearing harrowing stories of how the men are brutalising the women of South Africa ... Without providing specifics, he said South Africa needed to position itself and make policy reforms to take advantage of the proposed Africa Continental Free Trade Area....