Updated on : 11-02-2019
BOTSWANA SIGNS THE AFRICAN CONTINENTAL FREE TRADE AGREEMENT (AfCFTA), 10th FEBRUARY 2019
The 18th Ordinary Session of the Assembly of Heads of State and Government of the African Union, held in Addis Ababa, Ethiopia in January 2012, adopted a decision to establish a Continental Free Trade Area by an indicative date of 2017. The Summit also endorsed the Action Plan on Boosting Intra-Africa Trade (BIAT) which identifies seven priority action clusters: trade policy, trade facilitation, productive capacity, trade related infrastructure, trade finance, trade information, and factor market integration. By March 2018 in Kigali, Rwanda,only 44 out of 55 African Union (AU) Member States had signed the Agreement.
Botswana signed the African Continental Free Trade Area (AfCFTA) Agreement on the 10th February 2019 during the 32nd Ordinary Session of the Assembly of Heads of State and Government of the African Union (AU). This makes Botswana the 51st country to sign the Agreement.
Objective of the Agreement
This signing gives opportunity for the following:
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