Presently, only seven per cent of sensitive products (427 tariff lines) and three per cent of exclusive products (184 tariff lines) were negotiated rather than the other way. Indeed, it was agreed that there should be 90 per cent tariff liberalisation and the deadline was July 1, 2020. Over a 10-year period with a five-year transition, there will be an additional seven per cent for “sensitive products” that must be liberalised. This is even as raw commodities dominate items exported from the continent, the latest African Trade Report has shown. The Manufacturers Association of Nigeria (MAN) urged the government to continue to liaise with the private sector in making AfCFTA operational.

Source: The Guardian January 03, 2022 05:21 UTC