The new rules of the game for trade
When is an Ethiopian t-shirt an Ethiopian t-shirt? When it has at least 35% value added done in country before export. Still befuddled? Read on...
Reworking the rules of origin — the trade law term for this tricky negotiation — will be critical to the successful operation of Africa’s new free trade area, says UNCTAD Secretary-General Mukhisa Kituyi.
Particularly to avoid the problem of dumping — goods being made cheaply elsewhere and got rid of on the continent.
High-powered delegations will be jetting into Niamey, in Niger, for a 55-nation AU summit to flag off the operational beginnings of this new undertaking.