Investing.com investing.com 01 Jan, 2021 07:45 am

African free trade bloc opens for business, but challenges remain By Reuters

African free trade bloc opens for business, but challenges remain By Reuters
African free trade bloc opens for business, but challenges remain

FILE PHOTO: Cranes and containers seen at APM Terminals at the gateway port in Apapa p By Joe Bavier JOHANNESBURG (Reuters) - African countries began officially trading under a new continent-wide free trade area on Friday, after months of delays caused by the global coronavirus pandemic.The African Continental Free Trade Area (AfCFTA) aims to bring together 1.4 trillion economic bloc that will be the largest free trade area since the establishment of the World Trade Organization.Meanwhile, 41 of the zone's 54 member states have submitted tariff reduction schedules.

Still, proponents of the zone are confident that initial steps towards its implementation will already allow member states to double intra-African trade by 2025." China December new home prices slow, private survey shows p BEIJING (Reuters) - Prices of new homes in China rose at a slower pace in December, with tightening policies continuing to cool the market, a private survey showed on Friday, but.

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