{"id":631610,"date":"2018-03-22T04:13:49","date_gmt":"2018-03-22T04:13:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/22\/egypt-signs-continental-freetrade-zone-agreement\/"},"modified":"2018-03-22T04:13:49","modified_gmt":"2018-03-22T04:13:49","slug":"egypt-signs-continental-freetrade-zone-agreement","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/22\/egypt-signs-continental-freetrade-zone-agreement\/","title":{"rendered":"Egypt signs continental freetrade zone agreement"},"content":{"rendered":"

Egypt joined 44 other African countries in signing<\/strong> the pan-African Continental Freetrade Zone (CFTZ) agreement in Kigali yesterday. <\/strong>The agreement, whose main objective is \u201cto create a single continental market for goods and services,\u201d would promote infrastructure development among the signatory countries as well as reducing a host of customs duties between them, the Trade and Ministry said in a statement following the signing<\/a>. These would be completely eliminated in later stages of the agreement, the statement added. The agreement would also reduce travel restrictions for investors and professionals in a number of strategic sectors, including energy, financial services, health, education, ICT, and agriculture, said Trade and Industry Minister Tarek Kabil. The agreement would see trade in the continent increase 22% by 2022, Kabil, who gave a speech<\/a> on behalf of President Abdel Fattah El Sisi, added.<\/p>\n

Trade ministers of the signatory countries will now have to go through another round of talks <\/strong>including the timeframe to implement the pact and policies on investment, competition, and trademark enforcement, Kabil said. He also urged fellow signatory to look into developing policies to help grow the burgeoning e-commerce sector.<\/p>\n

Bilateral ties with Rwanda: <\/strong>On the sidelines of the event in Kigali, a Federation of Egyptian Industries delegation agreed to deepen cooperation with Rwanda\u2019s Private Sector Federation and the Rwanda Chamber of Industry, Ahram Gate reports<\/a>. The Egyptian delegation also discussed the possibility<\/a> of establishing a logistics center in Rwanda for Egyptian exports including building materials, juices, and medication.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt joined 44 other African countries in signing the pan-African Continental Freetrade Zone (CFTZ) agreement in Kigali yesterday. The agreement, whose main objective is \u201cto create a single continental market for goods and services,\u201d would promote infrastructure development among the signatory countries as well as reducing a host of customs duties between them, the Trade […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-631610","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"50434afb-7d2e-4003-9e08-7f902ef14693","order":"0","is_powered_by":true,"section_story_id":"7bab2275-54a4-40b5-a333-a41e3b3bfcda","story_type":"1","photo_url":"","photo_position":"above","related_issue":[631591],"teaser":"","voice_url":""},"yoast_head":"\nEgypt signs continental freetrade zone agreement - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/22\/egypt-signs-continental-freetrade-zone-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt signs continental freetrade zone agreement\" \/>\n<meta property=\"og:description\" content=\"Egypt joined 44 other African countries in signing the pan-African Continental Freetrade Zone (CFTZ) agreement in Kigali yesterday. 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The pan-African Continental Freetrade Zone (CFTZ) agreement \u2014 signed by 44 African countries including Egypt \u2014 is being heralded by the African Union as having the potential to increase intra-continental trade by 53% by eliminating import duties, which average 6.1%,\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/3\/1895.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":630093,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/11\/continental-freetrade-zone-will-take-two-years-to-be-implemented-fully\/","url_meta":{"origin":631610,"position":1},"title":"Continental freetrade zone will take two years to be implemented fully","author":"enterpriseam admin","date":"11 April 2018","format":false,"excerpt":"The pan-African Continental Freetrade Zone (CFTZ) will take around two years to come into full effect, Trade and Industry Ministry spokesman Yasser Gaber says, Al Shorouk reports. According to Gaber, the 44 signatories will need time to reach consensus on the fine print. Minister Tarek Kabil had said that the\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631404,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/diplomacy-foreign-trade-on-18-march\/","url_meta":{"origin":631610,"position":2},"title":"Diplomacy + Foreign Trade on 18 March","author":"enterpriseam admin","date":"18 March 2018","format":false,"excerpt":"Italian Foreign Minister Angelino Alfano praised the progress in Egypt and Italy\u2019s cooperation in investigating the murder of Italian student Giulio Regeni during a meeting with Foreign Minister Sameh Shoukry on Thursday, according to a ministry statement. Shoukry reaffirmed Egypt\u2019s commitment to finding those guilty for Regeni\u2019s killing. The two\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593147,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/19\/correctly-implementing-afcfta-could-unlock-usd-3-tn-worth-of-growth-across-the-continent\/","url_meta":{"origin":631610,"position":3},"title":"Correctly implementing AfCFTA could unlock USD 3 tn-worth of growth across the continent","author":"enterpriseam admin","date":"19 November 2019","format":false,"excerpt":"Correctly implementing the African Continental Freetrade Agreement (AfCFTA) could unlock USD 3 tn-worth of growth across the continent, Baker McKenzie says. According to research from the law firm and Oxford Economics, countries need to double down on eliminating limitations related to infrastructure, resources, and other regional trade agreements that might\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/11\/3053.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560932,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/hop-on-board\/","url_meta":{"origin":631610,"position":4},"title":"Hop on board","author":"enterpriseam admin","date":"18 March 2021","format":false,"excerpt":"Egypt could join in a new USD 1 bn continental transit [assurance] scheme from AfreximBank, which is designed to encourage trade across Africa by improving tax collection and cutting back on trade costs. 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