The Ministry of Trade and Industry in collaboration with the National AfCFTA Coordination Office is set to launch the AfCFTA Guided Trade Initiative on 7th of October.
The AfCFTA Secretariat on January 1st formally started trading under the AfCFTA agreement.
Since then, the Secretariat and State Parties have been working to put in place structures, procedures, processes, protocols, and documentations needed to enable the commencement of commercially viable trade amongst State Parties.
The Initiative will symbolise the commencement of commercially meaningful trade on a pilot basis between Ghana, Cameroon, Egypt, Kenya, Mauritius, Rwanda, Tanzania, and Tunisia.
These countries were selected to represent the five African Union regions, namely: Western, Central, Eastern, Southern and Northern Africa respectively.
The Guided Trade Initiative aims to among others test the readiness of participating state parties under the AfCFTA;
Demonstrate that the AfCFTA trading documentations are operational and viable; Confirm that the Customs and Revenue Authorities of the participating countries under the AfCFTA agreement are ready to process imports and exports.
Story by Kelvin Danso
