ISDS Case Map
AfCFTA
African Continental Free Trade Area
Some general concerns centre on the potential impact a continental free market could have on particular sectors of national economies.
The European Union could one day look to take advantage of African efforts to forge a free trade area within the continent to work toward a comprehensive continent-to-continent free trade agreement.
Many have suggested that China and African countries, represented by African Union, should launch a feasibility study on free trade and investment facilitation negotiation.
Six analyses from economists and stakeholders.
According to the African Union Commission chairperson, Nigeria, Eritrea and Guinea Bissau have made no commitment to the AU’s Continental Free Trade Area (AfCFTA) signed in Kigali in March 2018.
The Manufacturers Association of Nigeria urges the government not to bow to pressure into signing the African Continental Free Trade Agreement without addressing the concerns raised by stakeholders.
Because Nigeria does not quite have the infrastructure and capacity to efficiently manufacture most of its consumer needs, AfCFTA may stunt Nigeria’s quest to migrate from perpetually exporting primary goods and importing manufactured products, for which labour suffers the most assault.
India is hopeful that a bilateral trade agreement with the country could open the doors wider to the entire continent.
President Muhammadu Buhari says Nigeria will only be signatory to the Continental Free Trade Agreement if the nation’s national interests as well as regional and international obligations are balanced.
Nigeria’s President Muhammadu Buhari said the country will sign up soon to a $3 trillion African free-trade agreement.
