{"id":655676,"date":"2019-07-13T08:20:28","date_gmt":"2019-07-13T08:20:28","guid":{"rendered":"
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The Government says it will put in place the necessary structures to ensure that any concerns that may arise from the implementation of the African Continental Free Trade area are dealt with.<\/p>\n

The coming into force of the free trade are"},"modified":"2019-07-13T08:20:28","modified_gmt":"2019-07-13T08:20:28","slug":"afcfta-ghana-will-maximize-value-from-hosting-rights","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/07\/13\/afcfta-ghana-will-maximize-value-from-hosting-rights\/","title":{"rendered":"AfCFTA: Ghana will maximize value from hosting rights"},"content":{"rendered":"

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The Government says it will put in place the necessary structures to ensure that any concerns that may arise from the implementation of the African Continental Free Trade area are dealt with.<\/p>\n

The coming into force of the free trade area agreement will mean that member countries harmonize their trade laws to ensure effective exchange of goods.<\/p>\n

There were some fears in facilitating the agreement because of current legislation in the various countries but the Trade Minister, Alan Kyerematen explained that there are certain trade remedies that will help address the specific challenges of some countries.<\/p>\n

Ghana was selected by the Assembly of Heads of State and Government of the African Union (AU) to host the Secretariat of the African Continental (AfCFTA) Free Trade area.<\/p>\n

In an interview with Citi News<\/strong>, Mr. Kyerematen explained that as part of activities marking the AfCFTA this year, a new protocol has been introduced which allows for trading in financial services, construction tourism centres and the likes.<\/p>\n

\u201cThere is what is called the framework agreement, that is the overarching framework agreement which defines the principles, the guidelines, and modalities for negotiating such agreements. Then there is the protocol on trades in goods that binds the conditions under which goods will move from one country to another. We have also negotiated a protocol on trades in service. That neana that not only goods will be traded as part of this year\u2019s deal, we can also trade in financial services, construction services, and tourism is also available to any country in Africa.\u00a0 There are trade remedies that will be available to you to address your specific challenges.\u201d<\/p>\n