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Ethiopia Becomes 19th Country to Submit AFCTA Instruments

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Ethiopia has deposited the instruments of
the African Continental Free Trade Agreement, becoming the 19th country to do
so ahead of the operational phase of AFCTA which is expected to begin in July.

Albert Muchanga, the Commissioner of Trade and Industry whose department is spearheading the flagship AfCFTA process confirmed the receipt stating that it is a good sign from the host country of the African Union Commission.

“The ratification by the host country of
the African Union Commission is indicative of the commitment of the Ethiopian
government and the leadership of Prime Minister Abiy Ahmed in advancing the
African integration agenda,” AU said in a statement.

The Agreement will enter into force one month after receipt of the 22nd instrument of ratification.R

African Union Member States who have signed
the agreement are expected to deposit instruments of ratification before the
Assembly convenes in July this year in Niamey, Niger.

Countries which have not submitted their instruments include Sierra Leone, Zimbabwe and The Gambia whose Parliaments have approved ratification of the AfCFTA Agreement.

READ;AFCTA to Kick Start Operational Phase in July Following Ratification by Gambia

Depositing instruments of ratification is
the final stage of the Treaty ratification process.

If operational, AFCTA will be the largest
trading bloc globally.



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