Notizie

The COMESA-EAC-SADC Tripartite Trade Area finally entered into force

Giovedì 25 Luglio 2024 08:44

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Today, 25th July 2024, is an historical date for Africa. It is the date of entry into force of the Tripartite Free Trade Area (TFTA) Agreement. The TFTA is an inter-regional co-operation and integration arrangement amongst countries of the Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC) and the Southern African Development Community (SADC) which aims at combining the three Regional Economic Communities (RECs) into an enlarged Free Trade Area.

Africa export competitiveness report 2023 identifies constraints to the development of inter-African trade and possible solutions

Lunedì 22 Luglio 2024 13:12

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Developed by the Arab Bank for Economic Development in Africa (BADEA) in partnership with the African Capacity Building Foundation (ACBF), the Institute for Competitiveness in India, and Shift Impact Africa Group, the Africa export competitiveness report 2023 is a comprehensive analysis of Africa's export potential, which aims at shedding light on the opportunities and challenges of the continent in the next years. It analyses the sectors with high growth potential, identifying emerging trends, offering actionable recommendations to unlock Africa's full export potential.

A full toolkit for African policymakers to harness the potential of the AfCFTA

Venerdì 19 Luglio 2024 06:51

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So far, all the studies conducted on the African Continental Free Trade (AfCFTA) concur on the fact that the implementation of this agreement will deliver significant economic advantages to Africa, some forecasts suggesting that the African economy will grow of nearly 10% within 2043. However, much will depend on the level of preparedness of the AfCFTA State Parties to put in place appropriate AfCFTA implementation measures that support the development of economic and industrial sectors that are key for their economies, and on their ability to mitigate potential risks that this implementation involves. To this end, a complete toolkit has been developed within the Accelerated Industrial Development for Africa (AIDA) initiative to support African States in these efforts.

Sixth edition of the Africa’s Development Dynamics report raises importance of promoting skills development for the growth of Africa

Lunedì 08 Luglio 2024 06:52

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The OECD has publishes the 2024 edition of Africa’s Development Dynamics, the annual flagship report developed in partnership with the African Union Commission that analyses economic conditions and prospects for the development of Africa. The previous edition of the report provided an overview of the investment climate in Africa and its challenges, with recommendations on how African regions could accelerate sustainable investment in strategic sectors to accelerate economic development. The 2024 edition is instead focused on education and skill development, which was selected by the African Union (AU) as theme of the year 2024 : “Educate and Skill Africa for the 21st Century”.

WCO publishes in-depth study on the cumulation of origin

Mercoledì 03 Luglio 2024 18:37

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The concept of “accumulation/cumulation” or “cumulative rules of origin” allows countries which participate to a free trade agreement (FTA) or a trade arrangement (e.g., a unilateral trade concession scheme like AGOA or the Generalized System of Preference), to share production and jointly comply with the relevant rules of origin provisions. In other words, it allows products of one country to be further processed or added to products in another party of that preferential trade agreement or arrangement, as if they originate in the latter party. In this way, the production may be aggregated with other countries’ inputs, thus offering additional opportunities to source input materials. This essentially widens the definition of originating products and provides flexibility to develop economic relations between countries within a preferential trade scheme. Accordingly, through the concept of accumulation/cumulation in a free trade agreement, the use of input materials and manufacturing processes within that FTA is encouraged. This promotes regional economic integration amongst members of a free trade area.