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African Continental Free Trade Agreement member states that obstruct trade in goods from other African member states will be sanctioned by the African Union.
This is to ensure that all states get a fair share of trade under the deal that has been described as the second largest in the world.
Speaking at the seminar of the Ghana National Chamber of Commerce and Industry and Joy Business, Technical Advisor at the Ministry of Commerce and Industry, Anthony Baafi revealed that since the implementation of the Agreement of African continental free trade, many entrepreneurs anticipate challenges with other countries regarding tariff adjustments on goods and services.
Addressing members of the business community, Baafi assured that all necessary measures had been put in place to sanction defaulting countries.
“There is a dispute settlement mechanism that will ensure that each state party is treated fairly and I can assure you that in Ghana we have the Ghana International Trade Commission and the Department of Commerce to assist in cases of undue advantage or unfair treatment. to one of our companies, ”he told the rally.
Senior partner at AB and David, David Ofosu Dorte urged companies to use the deal as a springboard to establish their presence on the African continent.
Speaking to Joy Business on the trade stalemate between Ghana and Benin, Deputy Customs Commissioner Fechin Akoto advised companies to make the right choice given the free trade agreement and the liberalization agenda. Ecowas exchanges.
The day’s seminar was thematic, adopting the right business strategies to take full advantage of it.
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