Published: Thu, March 22, 2018
Global | By Craig Ferguson

Ramaphosa to lead SA delegation to AU Summit in Rwanda

Ramaphosa to lead SA delegation to AU Summit in Rwanda

Based on the summit, the PRC meeting will be followed by the 18th Extraordinary Session of the Executive Council of the AU scheduled on March 19.

But Buhari cancelled his trip to Rwanda at the last minute.

"Consequently, Mr President's decision is to allow time for broader consultations on the issue".

Still, Nigeria will set up a presidential committee to investigate the terms of the agreement. The drivers of this policy initiative, without consulting the relevant stake holders for possible impact assessment, have perfected a document which President Muhammadu Buhari will sign at Kigali on March 21, 2018.

The agreement was signed by Head of Government Saad Eddine El Othmani, who leads the Moroccan delegation to the AU Summit.

The leaders appended their signatures to three documents during the signing ceremony namely the AfCFTA Agreement, the Protocol on Free Movement and the Kigali Protocol.

He implored member states to sign and ratify the agreement quickly to ensure it is effected before the end of the year.

"The first stage is the overall framework establishing CFTA".

He pointed out that Zambia had negotiated the protocol on goods, and services and the dispute settlement mechanism. Africa must develop the national schedules for tariff reduction in trade in goods and for priority services, she said at the meeting.

"We are more anxious by the probable outcome of this policy initiative if it is given life because of its crippling effect on local businesses and the attendant effect on jobs". We have an ambitious economic agenda, and we are going into this wanting to clearly improve market access for our products and our people.

Contaminated meat products may have been exported to two West African countries and a dozen southern African ones, the United Nations health agency said.

The Media Office of the Presidency later released a fact-sheet on the benefits of the agreement for Nigeria.

The AfCFTA will induce an increase in intra-African trade of 52% by 2022 and significantly increase Africa's industrial and agricultural exports, according to Mahamat. "Then you have a few dominant economies like South Africa, Nigeria and small ones like Rwanda", Ikiara said.

But analysts welcomed the agreement's potential to boost African economies.

Other expected leaders at the historic signing include Niger, Chad, Congo Brazzaville, Togo, Mauritania, Gabon, Guinea, Senegal, Mali, Madagascar, Guinea Bissau, Mozambique, Burkina Faso, Central African Republic, Libya, Comoros, Sahrawi, Lesotho, Gambia, and Angola.

However, the Manufacturers Association of Nigeria (MAN) Tuesday urged the Nigerian Government to renegotiate trade conditions that will impede economic growth in its review of the AfCFTA agreement.

The free trade zone is the largest in the world since the creation of the World Trade Organisation in 1995.

"So we have to make sure our house is in order before we sign any economic partnership".

"Therefore, we also got approval to express an interest in the secretariat of CFTA, so that the headquarters will be located in Nigeria".

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