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X-WR-CALNAME:Denis & Lenora Foretia Foundation | Catalyzing Africa's Economic Transformation
X-ORIGINAL-URL:https://www.foretiafoundation.org
X-WR-CALDESC:Events for Denis & Lenora Foretia Foundation | Catalyzing Africa's Economic Transformation
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DTSTART:20200101T000000
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DTSTART;TZID=UTC:20211029T090000
DTEND;TZID=UTC:20211029T140000
DTSTAMP:20250127T114237Z
CREATED:20230824T083206Z
LAST-MODIFIED:20250127T114237Z
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SUMMARY:2nd Session – Operational Working Group
DESCRIPTION:NKAFU OPEN TRADE INITIATIVE2nd Session – Operational Working Group\nTheme: “The African Continental Free Trade Area as a Tool to better Integrate Trading Blocs.” \nFriday 29th October 2021\, 09h00 – 14h00\, Via Zoom \nBackground\nThe African Continental Free Trade Area (AfCFTA) will deepen economic integration in Africa by reducing tariff and non-tariff barriers (African Business\, 2021). However\, its success will be determined by how it integrates various economic and trading blocs as all new trade agreements such as the AfCFTA are subject to pre-existing agreements. For example\, the CEMAC Customs Union adopts the CEMAC common external tariff (CET) of 18.1% (International Trade Centre\, 2018)\, while ECOWAS has a common external tariff of 10 – 20% (Hubural\, 2021). Achieving the stated aim of the AfCFTA\, ‘to create one African market’\, will require integrating both common-external tariffs into the AfCFTA and harmonise the technical product safety requirement and the cost of importing or exporting products.\nObjectives and key issue\nThe main objective of the second working session is to understand better how the Continental Free Trade Area will be affected by special economic zones. Specifically\, this session will focus on; \nUnderstanding how the AfCFTA will be impacted by trading blocs such as ECOWAS and CEMAC\nOutline goods that are likely to be included in tariff schedules\nDelineating what aspects of tariffs are impacted by Regional Economic Communities\nIdentifying trade facilitation strategies between countries in Regional Economic Communities. \nTarget Audience\nMembers of Operational Working Group (OWG)\nContact\nEmail: info@foretiafoundation.org  / Tel: (+237) 22 31 15 84 / 654 86 72 54
URL:https://www.foretiafoundation.org/events/2nd-session-operational-working-group/
LOCATION:Zoom Online
CATEGORIES:Events,Nkafu Policy Institute
ATTACH;FMTTYPE=image/jpeg:https://www.foretiafoundation.org/wp-content/uploads/2021/01/Event_temp_800X800.jpg
ORGANIZER;CN="Nkafu Team":MAILTO:info@foretiafoundation.org
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