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In the latest edition of Business Law Focus, Editor Evan
Pickworth interviews ENSafrica's Executive: Africa Regulatory
and Business Intelligence, Celia Becker on the future of trade in
Africa.
This follows the coming into force of the long-awaited African
Continental Free Trade Area (AfCFTA) agreement. The AfCFTA creates
the largest free-trade area in the world, but the jury is out on
how quickly this will translate into economic results.
Originally published 27 May 2021
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A Free trade zone is a distinct economic zone in the country that confers special privileges in relation to trade and business policy for companies carrying on business within that zone, especially in the area of taxes.
An FTZ is a designated location in a geographical area where enterprises can operate without trade barriers, bureaucratic bottlenecks and customs interference in order to attract new businesses and foreign participation.
A free trade zone (FTZ) is a special area within a country where foreign and local companies can import materials, manufacture goods, export products, and perform services...
If, after having studied the plan and schedule included in an interim agreement in consultation with the parties to that agreement and taking notice of the information made available by the provisions of subparagraph 5(a)...
Countries all over the world depend on each other for goods and services. There is no country in existence that has all that its citizens need to survive as a nation. Nigeria, just like other countries...
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