Browsing: Traders and businesses

With the AfCFTA expected to increase intra-African trade by 52 per cent by the year 2022, the journey towards making it a reality is in high gear.

The Africa Continental Free Trade Agreement seeks to have the removal of tariffs on 90 per cent of goods traded within the continent.

Towards this, UNCTAD and the African Union have developed an online platform to help remove non-tariff barriers to trade in Africa. The tool became operational on January 13.

Moving goods across the continent

Traders and businesses moving goods across the continent can now instantly report the challenges they encounter, such as quotas, excessive import documents or unjustified packaging requirements.

To improve the movement of goods across the continent and reduce the cost importers and exporters in the region face, the tool will help African governments monitor and eliminate such challenges which slow trade costing the continent billions of dollars annually.…