Zambia Free Trade Agreement

The government`s top spokeswoman, Dora Siliya, said the cabinet approved the ratification of the agreement at its meeting on Monday, October 26. “The agreement creates a continent-wide single preferential market for goods and services and will accelerate continental integration and access to overlapping memberships in regional economic communities, limiting the efficiency and effectiveness of these organizations,” she said in a press release. He called on the AU to accelerate work on the remaining areas, including market access offers, negotiations on trade in services, competition, investment and intellectual property. LUSAKA, July 9 (Xinhua) — The Zambian government said Tuesday that the operationalization of the African Continental Free Trade Area (AfCFTA) is an important step in promoting trade and economic integration in sub-Saharan Africa. Describes the bilateral and multilateral trade agreements in which this country participates, including with the United States. Contains websites and other resources where U.S. companies can learn more about how to use these agreements. She said ratifying the agreement would allow the country to access a larger market and harmonize trade policy instruments among the continent`s regional economic communities. The agreement was negotiated by the African Union (AU) on 21 March 2018 and entered into force on 30 May 2019. Zambia has duty-free and quota-free access to the EU market under the Everything But Arms (EBA) programme for least developed countries (ODPs).

Zambia is also eligible for trade benefits under the African Growth and Opportunity Act (AGOA), which provides duty-free and quota-free access to the U.S. market for most products, including textiles and apparel. Zambia is part of the Common Market for Eastern and Southern Africa (COMESA), which, according to its 21 members, allows preferential tariffs among member states. Zambia is also a member of the 16-member Southern African Development Community (SADC), which concluded a free trade agreement in 2008. Explanations and backgrounds can be found in the TPR gateway. The creation of a single market through the merged tripartite free trade area (COMESA, East African Community [EAC] and SADC) was officially launched in June 2015. Zambia, he said, is committed to ensuring that the AfCFTA is beneficial to all participating countries. On Monday, African leaders reviewed the operational phase of the AfCFTA over the course of 12. A special summit of Heads of State and Government of the African Union (AU) has been launched in Niamey, Niger. The AfCFTA is governed by five operational instruments, namely Rules of Origin, the Online Negotiation Forum, the Monitoring and Removal of Non-Tariff Barriers to Trade, a Digital Payment System and the African Trade Observatory. However, the Zambian minister called on the AU to find a robust facility that will minimize the economic shocks that will accompany the elimination of tariffs, according to the press release.

70 years later, Chinese steel giant is heading for a bright future LUSAKA, Oct. 27 (Xinhua) – Zambia`s cabinet has approved ratification of the African Continental Free Trade Area (AfCFTA), a spokesman said Tuesday. On this page you will find important information about Zambia`s participation in the WTO. Zambia has been a member of the WTO since 1 January 1995 and a member of GATT since 10 February 1982. Hover over a dispute number in the following table to display the title of the dispute. Click on the dispute number to go to a page with detailed information about this dispute. Christopher Yaluma, Minister of Trade, Trade and Industry, said that the opening of markets in Africa offers huge opportunities for technology transfer and creates synergies to boost economic growth and development. .