African Continental Free Trade Area (AfCFTA) Secretariat’s Post

Unlocking Opportunities for Zimbabwean Businesses in the African Continental Free Trade Area (AfCFTA) Equipping Zimbabwean businesses with the knowledge and skills necessary to navigate the AfCFTA and tap into the vast market opportunities it presents. Understanding the rules of origin and tariff structures Identifying opportunities for exports and imports Building capacity for compliance with AfCFTA regulations #UNDP #ZimTrade #COMFWBZIM #EmpoweredWomanExcelSACCO #WomanExcel

#DidYouKnow about FTAs? These agreements eliminate or reduce trade barriers between countries, making it easier and cheaper to import and export goods. 𝗧𝗵𝗲 𝗔𝗳𝗿𝗶𝗰𝗮𝗻 𝗖𝗼𝗻𝘁𝗶𝗻𝗲𝗻𝘁𝗮𝗹 𝗙𝗿𝗲𝗲 𝗧𝗿𝗮𝗱𝗲 𝗔𝗿𝗲𝗮 (𝗔𝗳𝗖𝗙𝗧𝗔) is a game-changer! This agreement aims to create a single market for goods and services across Africa. Here's how it benefits manufacturers: ➡️ 𝐖𝐢𝐝𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐜𝐜𝐞𝐬𝐬: Sell your products to a market of over 1.3 billion people! The AfCFTA opens doors to new customers across the continent. ➡️ 𝐑𝐞𝐝𝐮𝐜𝐞𝐝 𝐂𝐨𝐬𝐭𝐬: Lower tariffs and streamlined customs procedures mean you can export your goods more competitively. ➡️ 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭: The AfCFTA creates a more attractive environment for investors, boosting the manufacturing sector. ➡️ 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞𝐧𝐞𝐬𝐬: Competition from regional peers drives innovation and efficiency within African manufacturing. Matta can help manufacturers navigate the AfCFTA & capitalize on its benefits. Visit www.matta.trade to learn more! #AfCFTA #FreeTradeAgreements #AfricanManufacturing #Matta

CBAM isn’t just another regulatory acronym. It requires importers of carbon-intensive goods in the EU (and soon the UK) to take real action to account for the carbon emissions of the goods they import. https://bit.ly/45nJHBP #globaltrade #europeantrade #CBAM

Guided Trade Initiative - By The #GITFiC At the 9th Meeting of the Council of Ministers (25-26 July 2022), H E Wamkele Mene, AfCFTA Secretary General presented the AfCFTA Secretariat’s proposed Guided Trade Initiative. The GTI is not provided for in the #AfCFTA legal instruments. Ministerial Directive 1/2021 provides the necessary legal basis for the Application of Provisional Schedules of #Tariff Concessions. The #GTI is a pilot project, while the outstanding negotiations on tariff concessions and Rules of Origin continue. Once these negotiations are complete, trade under the AfCFTA can begin. The objectives of the GTI are; * Test the operational, institutional, legal and trade policy environment under the AfCFTA * Allow commercially meaningful trading under the AfCFTA * Send a positive message to African economic operators about the AfCFTA The GTI was launched in #Accra , #Ghana on 7 Oct 2022 with seven State Parties Ghana, Kenya, Rwanda, Tanzania, Mauritius, Egypt, and Cameroon. Others, who have had their Provisional Schedules of Tariff Concessions verified, may join Products and can only be included if their Rules of Origin are finalized. Below are the products that these countries registered an interest to trade under the GTI. gitfic.com

KenTrade's Role in AfCFTA Implementation 1. Trade Facilitation - Streamlines trade processes by simplifying customs procedures, digitizing trade documentation, and enhancing logistics infrastructure to reduce bureaucratic hurdles and expedite cross-border trade. - Utilizes tools like the Single Window System (SWS) and InfoTrade platform to simplify procedures for commodities under the Global Trade Initiative (GTI). 2. Market Access Support - Collaborates with @MakeItKenya to assist Kenyan manufacturers in accessing new markets within the AfCFTA. - Offers market research, trade missions, and matchmaking services to connect exporters with buyers and distributors. 3. Capacity Building - Partners with GIZ and the International Trade Centre (ITC) to provide training on compliance with trade regulations, quality control, packaging standards, and export documentation to meet AfCFTA requirements. 4. Information Sharing - Acts as a central hub for trade-related information, including opportunities, regulations, and market trends. - Uses tools like the Business Intelligence (BI) system to deliver accurate, timely insights, enabling exporters to make informed decisions. #ExportAgendaKE Kenya Trade Network Agency(KenTrade)

How AfCFTA is Shaping the Future of African Exports The African Continental Free Trade Area (AfCFTA) is creating unprecedented opportunities for Nigerian exporters: 1) Lower Tariffs: Makes exporting cost-effective. 2) Cross-Border Trade: Reduces bottlenecks and delays. 3) Market Expansion: Access a $3.4 trillion continental market. 💡 Let us help you navigate these opportunities. Join our Export Training Program. Go ahead and register for our training now: www.microvarsity.com/meta #AfCFTA #GlobalTrade