The Assembly of the Representatives of the People of Tunisia (ARP) has refuted, for lack of quorum, to adopt a draft organic law relating to the founding convention of the African Continental Free Trade Area (AfCFTA).
The adoption of this bill by Parliament was, however, necessary to complete the procedures for Tunisia's accession to the free trade zone, the convention of which was signed by the government since March 21, 2018.
This situation has prompted reactions from many people. “How can a country refuse to join the AfCFTA? It's like shooting ourselves in the foot, especially as our economy is in agony and depends on the European market for 84% of its trade. The whole world has understood that the future is in Africa, except for our MPs who think they know everything and make decisions without asking for advice from specialists,” said Tunisia-Africa Business Council’s (TABC) President Bassem Loukil on a Facebook post.
For his part, the former Tunisian Minister of Employment and Vocational Training, Faouzi Ben Abderrahman, said he was deeply surprised by such a decision. “Like many others, I don't understand why this law was rejected, especially since it has not been debated in the economic and political arena. When all the party platforms talk about opening up to Africa […] Are we going to tell the world this law was rejected because our MPs were absent from the APR session? Or that our MPs did not understand the importance of this law?”
Effective since May 30, 2019, the African Continental Free Trade Area is set to be a market of 1.2 billion people with a GDP of $2,500 billion. According to the Economic Commission for Africa, with the implementation of this project, intra-African trade may jump by 52.3% when custom duties on imports are removed, and doubled when non-tariff barriers are overcome.
DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...
China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...
After two years of limited testing, WhatsApp will soon let users and businesses hide their phone num...
Public Eye claims over 90% of Cerelac samples in Africa contain added sugar, averaging 6 g per por...
MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...
Qatar’s Emir visited Rwanda and the DRC as Doha deepened its mediation role in the conflict while expanding major economic commitments in both...
China lifts its market share from 23.8% in 2016 to 52.5% in 2024, gaining 28.7 points. Imports of industrial machines more than double, rising...
The NICTBB backbone already covers 78% of Tanzania and receives 73 billion TZS (≈ USD 30 million) for its next expansion phase. Tanzania is...
Glencore’s attributable production falls to 122,000 barrels over nine months, down from 176,000 barrels in 2024. Cameroon’s government revises...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...
Singita will invest $60m to build a 60-bed lodge on Santa Carolina Island and $42m in projects across the Bazaruto Archipelago. The...