COVID-19: Africa Trade Deal Postponed Until Next Year

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[African Continental Free Trade Area]
AA: “There is a proposed launch date, January 2021. It has not been made official but it is believed that an expected African Union Summit in November, Heads of State will confirm the new launch date.”
Photo: YouTube

Trading under the African Continental Free Trade Area (AfCFTA), which was due to commence on July 1, has been postponed due to the coronavirus pandemic, an official said.

“There is a proposed launch date, January 2021. It has not been made official but it is believed that an expected African Union Summit in November, Heads of State will confirm the new launch date,” Rwanda-based The New Times newspaper reported on Tuesday, quoting Louis Yaw Afful, the executive director of the AfCFTA policy network, as saying.

Afful said while all 54 African countries signed the agreement to establish the AfCTA, many still need to deposit their instruments of ratification in order to benefit from the trade agreement. As many as 30 countries have so far ratified the agreement.

For the rest of this AA story log on to: https://www.aa.com.tr/en/africa/africa-trade-deal-may-be-implemented-nex...

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