Cabo Verde Becomes 41st State to deposit AfCFTA Agreement

ADDIS ABABA – Cabo Verde became the forty-first State Party to deposit the instrument of ratification of the Agreement Establishing the African Continental Free Trade Area (AfCFTA), says African Union on Sunday.

On behalf of the Chairperson, the Office of the Legal Counsel received the instrument from Secretary of State of Foreign Affairs and Cooperation of Cabo Verde, Miryan Djamila Sena Vieira.



The Secretary-General of the AfCFTA Secretariat, Wamkele Mene expressed his delight and welcomed Cabo Verde for becoming as State Party.

“By virtue of their deposits of the instruments of ratification of the Agreement,” AU says governments are “demonstrating an unequivocal political will to achieve market integration in Africa.”

To date, the agreement establishing the AfCFTA has been signed by 54 AU Member States.
Pursuant to Article 13 of the Agreement, the Assembly has established the AfCFTA Secretariat headquartered Ghana, Accra.

Under the agreement, African countries have collectively undertaken commitments to substantially liberalise all trade by eliminating tariffs on 97% of tariff lines – over a 13-year period from the start of implementation.

The ongoing Progress

So far, 44 countries representing 80% of AU members have submitted their tariff offers, with Algeria being the latest.



Regarding Trade in Services, the Secretariat has so far received 46 initial offers submitted by State and non-State Parties, covering the five priority sectors.

The sectors are Business, Communication, Financial, Tourism and Transport services sectors.

On Trade in Services, there have been some progress in the implementation of the objectives of the Protocol on Trade in Services.

So far, the AfCFTA Secretariat has received 46 initial offers submitted by State and non-State Parties, covering the five priority sectors, namely: Business, Communication, Financial, Tourism and Transport services sectors.
Some State and non-State Parties, namely members of CEMAC, EAC, and ECOWAS, have all presented consolidated offers as part of this process.

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