Litigation, Insights

AFCFTA – Remarkable Feat on the Negotiations on Rules of Origin and the Introduction of a Payment Gateway

At the 8th meeting of AfCFTA Council of Ministers convened in Accra from 28-29 January 2022, some remarkable progress was recorded with regard to the implementation of AfCFTA (“AfCFTA, free trade pact”). Key take-home were:
• The addition of 850 products to existing products with agreed rules of origin;
• The launch of the Pan African Payments and Settlement Systems.

Rules of Origin and Product listing
Rules of Origin are laws, regulations and administrative procedures crucial to the determination of the national origin of a product…

 

 

To read the full article, kindly download the PDF

Oluchi Nwaizim

Senior Associate

Tolulope Oguntade

Senior Associate

Practice Key Contacts

More To Read

21/08/2025
Forbearance with Strings: Lessons from the CBN’s 2025 Conditional Relief to Banks

Introduction When the Central Bank of Nigeria (CBN) released its June 13, 2025 circular—“Temporary Suspension of Dividend Payments, Bonuses and Investment in Foreign Subsidiaries”—it was

12/08/2025
Tax Reform 2025: How the current tax administration Reshapes Compliance, Enforcement, and Business Strategy

INTRODUCTION Amongst Nigeria’s tax reform acts are three major administration laws: the Nigeria Tax Administrative Act (NTAA), the Nigeria Revenue Service (Establishment) Act 2025 (NRSA