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.
The objective of the consultative workshop is a regional-wide consultation to finalize the outstanding issues including criteria for designation of sensitive products, percentages, etc.
Namibia has finally signed the trillion-dollar African Continental Free Trade Agreement (AfCFTA), which requires members to remove tariffs from 90 percent of goods to allow free access to commodities, goods and services across the continent.
The Manufacturers Association of Nigeria (MAN) said the issues raised by major stakeholders, including those expressed by manufacturers, still remained unattended to.
African trade ministers have deliberated on the protocols to the agreement establishing African free trade area (AfCFTA), and the modalities for tariff liberalization.
African Continental Free Trade Area signatories are now beginning the ratification process, while also looking at the technical work needed to make the area a reality.
It appears from all indications that the African private sector is either kept at the back door or yet to be given a pride of place in the AfCFTA process.