• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
An aerial view of a large container ship docked at a port, promoting economic growth.

AfCFTA’s Role in Promoting Economic and Trade Integration in Africa and Beyond

08/17/2023
U.S. Tariff Threats Raise Concerns for Bangladesh’s Garment Industry

U.S. Tariff Threats Raise Concerns for Bangladesh’s Garment Industry

05/06/2025
Ford Expects $1.5bn Profit Impact Due to Trump Tariffs

Ford Expects $1.5bn Profit Impact Due to Trump Tariffs

05/06/2025
Mattel Accelerates Shift Away from China as Tariffs Impact Toy Industry

Mattel Accelerates Shift Away from China as Tariffs Impact Toy Industry

05/06/2025
U.S. Tariff Adjustments Influence Global Trade Dynamics

U.S. Tariff Adjustments Influence Global Trade Dynamics

05/05/2025
Trump Says He Will Call CEOs Over Business Decisions He Disagrees With

Trump Says He Will Call CEOs Over Business Decisions He Disagrees With

05/05/2025
Fed Maintains Caution Amid Tariff Uncertainty

Fed Maintains Caution Amid Tariff Uncertainty

05/05/2025
US Solar Tariffs Could Boost Southeast Asia’s Energy Shift

US Solar Tariffs Could Boost Southeast Asia’s Energy Shift

05/05/2025
Trump Proposes 100% Tariff on Foreign Films

Trump Proposes 100% Tariff on Foreign Films

05/05/2025
EU Reassesses Trade Strategy Amid US Tariff Threats and Chinese Overtures

EU Reassesses Trade Strategy Amid US Tariff Threats and Chinese Overtures

05/05/2025
Philippine officials report productive tariff talks with United States

Philippine officials report productive tariff talks with United States

05/05/2025
Australian Prime Minister Discusses Tariffs and AUKUS with Former President Trump After Re-Election

Australian Prime Minister Discusses Tariffs and AUKUS with Former President Trump After Re-Election

05/05/2025
Vietnam Maintains Growth Target Amid U.S. Tariff Challenges

Vietnam Maintains Growth Target Amid U.S. Tariff Challenges

05/05/2025
supplychainreport
Friday, May 9, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

AfCFTA’s Role in Promoting Economic and Trade Integration in Africa and Beyond

by Geraldine S.
08/17/2023
in Global Trade, Trade Agreements

Wamkele Mene, the Secretary-General of the African Continental Free Trade Area (AfCFTA) Secretariat, highlighted the broader objectives of the AfCFTA agreement, emphasizing its role not only in fostering continental trade and economic integration within Africa but also in facilitating economic integration and trade engagement between Africa and the rest of the world. Mene articulated that the agreement aims to boost both intra-African trade and trade in “made-in Africa” goods and services globally. During a fireside chat on the theme “Building Momentum towards AfCFTA Implementation: Overcoming Challenges” with Pradeep Mehta, the Secretary-General of CUTS International, Mene praised the significance of the AfCFTA agreement for the African continent. He noted that the full implementation of AfCFTA is expected to significantly enhance trade, accelerate economic growth across the continent, promote diversification, and generate employment opportunities, particularly for Africa’s burgeoning youth population.

Mene emphasized that Africa now possesses a unified set of trade rules governing more than 90% of tradable products. This accomplishment underscores Africa’s commitment and readiness to shape its economic destiny, with the AfCFTA offering a unique opportunity to transform the continent’s economies away from resource-based export models towards manufacturing and import substitution. Regarding the implementation of AfCFTA, Mene highlighted key initiatives and tools introduced by the Secretariat, including the AfCFTA Rules of Origin (RoO) Manual, AfCFTA e-tariff book, and the Guided Trade Initiative (GTI). He explained that the AfCFTA e-tariff Book has been deployed to enhance accessibility to tariff concession schedules for Trade and Customs Authorities. The GTI, launched in October of the previous year, has successfully initiated trade among eight initial State Parties on a pilot basis, benefiting both private sector businesses and consumers. Mene stressed the vital role of partnerships and enhanced collaboration among Regional Economic Communities (RECs) and member states in the successful implementation of AfCFTA and the promotion of intra-African trade.

YOU MAY ALSO LIKE

U.S. Tariff Threats Raise Concerns for Bangladesh’s Garment Industry

Ford Expects $1.5bn Profit Impact Due to Trump Tariffs

Acknowledging global economic challenges such as geopolitical tensions, inflationary pressures, supply chain disruptions, anti-globalization sentiments, the COVID-19 pandemic, and the Russia-Ukraine conflict, Mene emphasized the urgency of accelerating AfCFTA implementation to enhance the resilience and competitiveness of African economies regionally and globally. Mene commended CUTS International for its four-decade-long commitment to evidence-based research and advocacy, contributing to informed public policy, inclusive growth, and sustainable development in Africa and worldwide. In response, Pradeep Mehta emphasized the transformative potential of AfCFTA for the African continent and called for the AfCFTA Secretariat to expedite its seamless implementation. He also discussed the work of the G20/B20’s Council for Africa’s Economic Integration and how it can assist AfCFTA in establishing a common market in Africa.

Mehta concluded by expressing gratitude to Wamkele Mene and all distinguished participants at the event, emphasizing the need for an MOU with the AfCFTA Secretariat to support its smooth achievement of its goals. He underscored the role of non-partisan non-government organizations in advancing community interests through evidence-based contributions, even in situations where certain aspects may face resistance. CUTS International operates in various countries globally, with offices in Geneva, Jaipur, New Delhi, Hanoi, Calcutta, Nairobi, Lusaka, Accra, and Washington D.C. The organization is actively involved in research, advocacy, and capacity-building initiatives across a range of areas, including AfCFTA Consumer Protection, Education & Awareness, Competition Law and Policy, Trade and Sustainable Development, Investment, Economic Regulations and Fiscal Policies, Healthcare Policy, Education Policy, and Economics.

Discover supply chain news insights on The Supply Chain Report. Enhance your international trade knowledge at ADAMftd.com with free tools.

#AfCFTA #AfricaTrade #EconomicIntegration #TradeAgreement #MadeInAfrica #AfCFTATariff #AfCFTARulesOfOrigin #AfCFTAGuidedTradeInitiative #IntraAfricanTrade #GlobalTrade #EconomicGrowthAfrica #YouthEmployment #SustainableDevelopment #CUTSInternational #RegionalEconomicCommunities #TradeResilience #AfricanEconomy #PolicyAdvocacy #GlobalSupplyChains #G20Council #B20Council #TradePolicy

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.