ARTICLE · 29 MAY 2020

Africa Tax In Brief - 19 May 2020

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The commencement of trade through the African Continental Free Trade Area, which was scheduled to start on 1 July 2020, has been postponed due to the prevailing circumstances caused...

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AFRICAN UNION: Implementation of African Continental Free Trade Area Agreement postponed

The commencement of trade through the African Continental Free Trade Area ("AfCFTA"), which was scheduled to start on 1 July 2020, has been postponed due to the prevailing circumstances caused by the COVID-19 pandemic.

The Secretary General of the AfCFTA stressed that although the Assembly of the Heads of State and Government still upholds the political commitment and will to integrate the regional markets and to implement the AfCFTA agreement as was intended, priority has now been dedicated to fight the pandemic and save lives.

The Secretary General said that work on the AfCFTA will be resumed at an appropriate time.

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