AfCFTA is officially in force — now the real work begins, write Trudi Hartzenberg and Gerhard Erasmus
Implementation of the agreement’s protocols will be incremental, with the private sector needing access to the correct informationPresident Cyril Ramaphosa signing the African Continental Free Trade Agreement agreement, July 1 2018. Picture: SIYABULELA DUDA
The entry into force of the AfCFTA agreement is the first step towards the formation of a comprehensive free trade regime for Africa, under the auspices of the African Union . The implementation will be incremental. There will be one overarching trade arrangement, but specific commitments and opportunities will depend on the detail contained in the respective schedules. The private sector will need access to the correct information.
Most African governments lack the necessary institutions and laws. The courts of the land seldom rule on disputes involving trade remedies and trade governance issues Each state will submit its tariff concessions and will probably have its own tariff schedule. This unique approach is justified by invoking the variable geometry concept, which provides for regional integration at different speeds.
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