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Tripartite Council of Ministers finally adopts the MCBRTA

The Tripartite Council of Ministers, at its 5th meeting of March 29, 2023, adopted a large series of legal instruments related to trade, customs and transports. Among them, the Tripartite Agreement on Movement of Businesspersons (an Agreement aimed at relaxing the visa requirements for business people and other professionals that travel in the region), annexes on elimination of import duties, trade remedies, rules of origin, dispute settlement mechanism and the TFTA protocol on competition policy. Moreover, the Tripartite Council adopted guidelines, manuals and working procedures on rules of origin and technical barriers to trade.

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Tripartite organs review progress on the implementation of the TFTA

On Tuesday, 28 March 2023, the Ministers in charge of trade, customs, finance, economic matters and home/internal affairs from the 3 Regional Economic Communities (RECs) that compose the Tripartite met virtually to review progress on the implementation of various activities under the Tripartite Free Trade Area Agreement (TFTA). The last meeting of such Ministers was held in 2019. Since then, progress has been reported especially on the market integration pillar, particularly on the exchange of tariff offers and on rules of origin.

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Can Africa jump from the second to fourth industrial revolution without passing by the third?

Can Africa jump from the second to fourth industrial revolution without passing by the third? Read the post on our blog.

Electronic solutions for harnessing the potential of cross-border small-scale trade in Africa

In the latest years, many regional organizations and countries in Africa have realized the potential of cross-border small-scale trade, as it represents a large and growing share of the African economy and employment force, but also a driver of economic growth in terms of job creation and poverty reduction. Accordingly, many initiatives have been launched to facilitate such sector by developing platforms that leverage on technological innovation for making products or services traded by small-scale traders accessible to larger consumer groups or markets. In some cases, such solutions also offer guidance on how to fulfil regulatory and documentary requirements needed to trade across borders, which are often characterized by opaqueness or arbitrary application by border officials. The final objective is to encourage formalization, so to allow governments to collect shares of revenue from this sector that otherwise would go lost in informal transactions not declared to the customs and tax authorities.

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Cross-border market in Chirundu border expected to increase governments’ revenues

The Common Market for Eastern and Southern Africa (COMESA) Secretariat, and the Government of Zimbabwe, have signed a Euro 920,544.28 sub-delegation agreement to construct a cross-border market at the Chirundu border post between Zambia and Zimbabwe. Chirundu is the first functional and fully operational One Stop Border Posts (OSBPs) in Africa. Located between Zimbabwe and Zambia, the Chirundu OSBP is a great attainment in the Continent, from which many lessons have been learned in view of the implementation of similar OSBP projects in Africa.

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