Africa Creates TFTA – Cape to Cairo Free Trade Zone

African leaders have agreed to create the continent’s largest free-trade zone, covering 26 countries in an area from Cape Town to Cairo. The Tripartite Free Trade Area (TFTA) will cap five years of negotiations.

Three existing trade blocs – the Southern African Development Community (Sadc); the East African Community (EAC) and the Common Market for Eastern and Southern Africa (Comesa) – are to be united into a single new zone.

Read more here and here.

 

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More Trade News in Brief – Week 26 (18–24 June 2012)

* IPCC Asks Greenhouse Gas Inventories Task Force to Revise Guidelines

 

7 June 2012

 

The Intergovernmental Panel on Climate Change (IPCC) asked its  Task Force on National Greenhouse Gas Inventories (TFI) to develop, revise and update  the guidance on greenhouse gas emissions and removals from land use, land use change and forestry (LULUCF).

 

For further information please click here.

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* WCO and UNIFAB Sign an MOU to Combat Counterfeiting

 

14 June 2012, Brussels

 

The World Customs Organization (WCO) and the Union des Fabricants (UNIFAB) signed a Memorandum of Understanding (MoU) to strengthen their close cooperation in the fight against counterfeiting.

 

More here.

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* US & EAC – Trade and Investment Partnership

 

20 June 2012, New York

 

The United States Trade Representative (USTR) and the East African Community (EAC) member states signed a joint statement on a new trade and investment partnership.

 

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* Vietnam & Morocco Sign Investment Protection Accord

 

19 June 2012, Rabat

 

Morocco and Vietnam signed a bilateral accord designed to promote and to protect investments in both countries.