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HAPPY AFRICA DAY!

25 May 2019

As we get ready to celebrate the opening the of the gateway to the largest trade block in the world!

The AfCFTA Agreement will in this regard enter into force on 30th May, 2019.

All that is now left is for the African Union and African Ministers of Trade to finalize work on supporting instruments to facilitate the launch of the operational phase of the AfCFTA during an Extra-Ordinary heads of state and government summit on 7th July 2019.

The supporting instruments are: rules of origin; schedules of tariff concessions on trade in goods; online non-tariff barriers monitoring and elimination mechanism; digital payments and settlement platform; and, African Trade Observatory Portal.

The African Ministers of Trade are scheduled to meet in Kampala, Uganda in the first week of June this year to review work on these supporting instruments ahead of the ExtraOrdinary Summit on the AfCFTA.

source: AU

#AFRICADAY #PACCI #AfCFTA

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The Pan African Chamber of Commerce and Industry was established in 2009 by 35 founding national business chambers to influence government policy and create a better operating environment for business.

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