AfCFTA WORKSHOP SERIES- Nairobi Edition October 23rd - 24th, 2018
AfCFTA WORKSHOPS SERIES 2018
First Edition - The Weston Hotel, Nairobi - Kenya!
October 23 - 24, 2018,
For exporters, importers and cross-border investors to learn how the African Continental Free Trade Agreement (AfCFTA) and other trade changes will impact your business this year and beyond.
We’re speaking with leaders who are on top of all the changes and innovations made to the most important trade agreement in Africa. We’ll be offering up a mix of information on tax reform, AfCFTA, trade/tariffs and more.
This special AfCFTA workshop series, in collaboration with the experts at AU Commission, will be held in various cities over the coming months, with the kick-off in Nairobi October 23 - 24, 2018. For each discussion, members may tune-in from anywhere.
1. Keynotes on the AfCFTA and its implementation
2. The business framework and the outlook for AfCFTA and its implications on African countries [Presentation]
3. Challenges and opportunities: a practical approach [Panel Discussion]
4. The deepening of East African integration, and Kenya as key player in regional supply chains [Presentation]
5. The most prominent concerns of the AfCFTA implementation, immigration and border security [Presentation]
6. Importance of the AfCFTA to Ethiopia, Ghana, DRC, Mozambique, Morocco [Panel Discussion]
7. AfCFTA and Getting Globalization Right: Poverty, Inequality, and Trade [Presentation]
8. Rules of origin, arbitration, and the effect of exchange rates on the utilization of AfCFTA; [Presentation]
9. Market Panel: Tanzania, Congo, Togo, Uganda [Panel Discussion]
10. INDUSTRY TOUR
Join PACCI for this important event in-person or virtually.
Goal: Learn from practitioners and experts who are up-to-date on all the information exporters and importers need to know about AfCFTA.
Who Should Attend: Executives at exporters, importers and investors – CEOs, COOs, CFOs, EVPs, business, sales, marketing.
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In-person location: African Union Headquarter - Addis Ababa
ABOUT THE AfCFTA
AfCFTA is a new trade agreement between African countries.
It makes it easier to export goods and services, benefitting people and businesses in Africa.
On 21 March 2018 African heads of state and government officials met in Kigali, Rwanda, to sign the framework to establish this initiative of the African Union.
National parliaments in African countries will then need to approve AfCFTA before it can take full effect.
It will only enter into force fully and definitively, however, when (twenty-two) 22 AU Member
States have ratified the Agreement.
The deal will bring benefits for people and businesses across Africa. It will help to generate growth and jobs by:
- Boosting exports;
- Lowering the cost of the inputs businesses need to make their products;
- Offering greater choice for consumers, and
- Upholding African standards for products.
WHAT WILL AfCFTA DO?
AfCFTA offers new opportunities for African businesses of all sizes to export across the continent. Following ratification AfCFTA removes duties on 90% of products (tariff lines) that the African countries trade with other African countries.
The agreement will especially benefit smaller companies who can least afford the cost of the red tape involved in exporting to other African countries. Small businesses will save time and money, for example, by avoiding duplicative product testing requirements, lengthy customs procedures and costly legal fees. Member States' authorities dealing with export promotion and chambers of commerce stand ready to help businesses to start exporting in Africa, boost existing trade, and attract investment.
The agreement also offers better legal certainty in the service economy, greater mobility for company employees, and a framework to enable the mutual recognition of professional qualifications, from architects to crane operators.
PROCEDURE AND NEXT STEPS
AfCFTA will be fully implemented once 22 Member States ratify the deal according to their respective constitutional requirements. At the time AfCFTA will take full effect, a new Dispute Resolution System will be put in place.
THE BENEFITS OF AfCFTA
- Helping to generate growth and jobs
- Creating a level playing field for African companies, big and small
- Lowering prices and widening choice for Africa's consumers
- Cutting customs duties for exporters and importers
- Cutting other costs for African businesses
- Making it easier for African firms to sell services across Africa
- Helping Africa’s rural communities market distinctive food and drinks
- Protecting Africa's innovators and artists
- Recognizing each other's professional qualifications
- Protecting people's rights at work, and the environment.