African Continental Free Trade Area (AFCFTA)
The African Continental Free Trade Area (AFCFTA) entered into force in July 2020. It provides for the removal of border tariffs on 97% of goods traded, over a period of 5 to 15 years, notably for:
- Ferrous waste and scrap .
- Aluminium ores and concentrates.
- Aluminium and Aluminium Alloys.
- Ferro-Nickel and Nickel Alloys.
- Ammonia, anhydrous or in aqueous solution.
- Refrigerators, freezers and other refrigerating or freezing equipment, electric or other; heat pumps other than air conditioning machines of heading.
- Carbon electrodes, carbon brushes, lamp carbons, battery carbons and other articles of graphite or other carbon, with or without metal, of a kind used for electrical purposes.
- Cathodes and sections of cathodes.
- Products containing by weight more than 50% of alumina (Al2O3) or of a mixture or compound of alumina and of silica (SiO2).
Additionally, it aims at eliminating non-tariff barriers and at establishing a harmonized system of commodity coding and description that follows the international convention.
Rules of origin determining whether a product qualifies for preferential tariff treatment if it has been wholly obtained or has undergone substantial transformation in one of the Parties to the Agreement.
Want to know more about this policy ? Learn more