Home Africa ETHIOPIA CONFIRM AFCFTA AS AU EYES FEB. 2019 IMPLEMENTATION DATE
ETHIOPIA CONFIRM AFCFTA AS AU EYES FEB. 2019 IMPLEMENTATION DATE

ETHIOPIA CONFIRM AFCFTA AS AU EYES FEB. 2019 IMPLEMENTATION DATE

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Ethiopia approve the African Union’s Africa Continental Free Trade Area (AfCFTA) pact after the cabinet passed the deal on Saturday feb 2nd 2019.The Prime Minister’s office confirmed.
“The decision is consistent with PM Abiy’s vision of creating a closer & full regional integration — where minds are open to ideas & markets are open to trade. Ethiopia’s decision & track record of advocating Pan African causes will bring to reality an integrated Africa.” The PM’s office said:
Even though it has been passed to the cabinet stage, the legislature will have their final vote before instruments of ratification could be precipitated with the African Union chairperson.
According to the AU chief, Ethiopia’s impending ratification will become the eighteenth meaning only four other ratifications will be required for the pact to enter into force.
Few ago months AU confront countries from North Africa to ratify the Africa Continental Free Trade Area agreement (AfCFTA), seeing that most of the country, that have ratify the African Continental Free Trade Area are all from sub-Saharan Africa.
AUC spokesperson Ebba Kalondo tweeted her optimism ‘to have a North African country among the historic 22 ratifications that will completely bring the African Union’s Africa Continental Free Trade Area (AfCFTA) into force’.
For pact to be effective, the Afriacan Union needs a minimum of 22 ratifications. Some of the countries that have ratify AFCFTA are Senegal ,Mali, Kenya, Mauritania Chad, Niger,Uganda, (Swaziland) Rwanda, Ghana, and Guinea Sierra Leone
As soon as every fall in place AfCFTA plan to boost intra-African trade by 52% by the year 2022, remove tariffs on 90% of goods, liberalise services and tackle other barriers to intra-African trade, such as long delays at border posts.

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