AfCFTA Agrees to Rules of Origin
The African Continental Free Trade Area recently agreed to rules of origin for the trading bloc, the Hong Kong Trade Development Council reported Feb. 14. The agreed rules set new requirements for about 87.7% of the goods -- about 3,800…
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tariff lines -- covered under AfCTA, the report said, clearing a hurdle that has hindered the group since it began trading last year. Before the rules were agreed to in January, trade had been “very slow” under the agreement, partly due to the COVID-19 pandemic and a range of other nontariff barriers (see 2108180020).