
Egypt Issues Instructions on Procedures for Activating AFCFTA
The Customs Authority issued a circular on agreements regarding the procedures for activating the African Continental Free Trade Area Agreement (AFCFTA).
The circular stated that a gradual reduction in customs tariffs will be applied to Egypt's imports from South Africa, Botswana, Ghana, Kenya, Cameroon, and Eswatini "over a period of 10 years according to the principle of reciprocity in equal annual installments, with the reduction rate starting this year being 50%.
The gradual reduction in customs tariffs was also applied to Egypt's imports from Morocco, Rwanda, Tanzania, Mauritius, Tunisia, Algeria, Burundi, Lesotho, Malawi, Gambia, and Uganda over a period of five years, with the reduction rate starting this year being 100%.
The circular went on to say that there are a group of countries that have not entered into force with the Agreement.
Amani Al-Wasal, Head of the Agreements and Foreign Trade Sector at the Ministry of Trade pointed out that South Africa has recently begun activating trade exchange under the umbrella of the AFCFTA Agreement, and joining the Guided Trade Initiative (GTI), which was launched in October 2022 within the framework of the agreement.
In this regard, Egypt will apply a customs reduction on its imports from South Africa over a period of 10 years, in accordance with the principle of reciprocity as one of the basic principles of the agreement.
The countries implementing the agreement (members of the Directed Trade Initiative) include Egypt - Ghana - Tanzania, Cameroon - Kenya - Rwanda - Mauritius - Tunisia - Algeria.
The gradual reduction will be applied over a period of time ranging between 5 and 10 years. It should be noted that countries are differentiated according to the United Nations classification (UN), taking into account the principle of reciprocity.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


See - Sada Elbalad
7 days ago
- See - Sada Elbalad
FM Meets Ban Ki-moon to Discuss UN Reform, Gaza Crisis
Nada Mustafa Badr Abdelatty, Minister of Foreign Affairs and Migration, received former United Nations (UN) Secretary-General Ban Ki-moon on Saturday. Abdelatty praised Ban Ki-moon's efforts during his leadership of the United Nations, as well as his current contributions to international discourse and his dedication to promoting peace, justice, and environmental protection through his membership in "The Elders." Moreover, FM emphasized that Egypt consistently works to uphold and stabilize the multilateral international system and supports its role in confronting the world's interlinked global challenges. He also stressed the importance of cooperation as a vital means to promote both regional and international stability and development, especially amid unprecedented geopolitical and economic developments around the world. In this context, Abdelatty reaffirmed Egypt's steadfast commitment to the core principles of the UN Charter since joining the organization. He noted that Egypt's foreign policy has been grounded in these principles and reaffirmed the country's commitment to the United Nations' central role in maintaining international peace and security and promoting sustainable development for all nations. Furthermore, FM outlined Egypt's position regarding the evolving situation in Gaza, highlighting Cairo's intensive efforts to achieve a ceasefire. He also addressed the catastrophic humanitarian crisis in the strip caused by Israel's blatant violations of international law and international humanitarian law. In addition, he reaffirmed that Egypt will continue its efforts, alongside the United States and Qatar, to achieve a ceasefire, ensure the safe and sustained delivery of humanitarian aid to Gaza, and support the political horizon for a two-state solution. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan


See - Sada Elbalad
29-05-2025
- See - Sada Elbalad
Four European countries call for Palestine to be admitted as a full member of the United Nations
Amir Hagag Four European countries—Spain, Ireland, Slovenia, and Norway—called in a joint statement for Palestine to be admitted as a full member of the United Nations. This call came during the Madrid+ Group meeting. The four countries emphasized that recognizing Palestine and granting it full membership in the United Nations has become a political and diplomatic necessity, not just a moral position, given the prolonged stalemate in the peace process. This move comes as part of a growing wave of international recognition of Palestine, with 147 of the 193 UN member states having recognized the State of Palestine to date. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks


Daily News Egypt
25-05-2025
- Daily News Egypt
DR Congo hopeful of US minerals deal, peace support amid Rwanda tensions
Officials from the Democratic Republic of Congo (DRC) have expressed optimism about securing an agreement with the United States next month for American investment in critical minerals and US support for efforts to end an insurgency in the country's east, which the DRC accuses Rwanda of backing, the Financial Times reported on Sunday. The British newspaper, citing two sources close to the negotiations, said that concluding an investment deal with the United States and a separate peace agreement with Rwanda could be possible by the end of June, although significant potential obstacles remain. Congo's Minister of Mines, Kizito Pakabomba, told the newspaper that an agreement with the US would help 'diversify our partnerships,' thereby reducing the nation's reliance on China for the exploitation of its vast mineral wealth. The United Nations and Western governments state that Rwanda provides the 'March 23' (M23) rebel movement with weapons and troops. The government of Rwandan President Paul Kagame denies supporting the M23 movement, asserting that its military operations are in self-defence against 'hostile forces.' Kinshasa has long accused neighbouring Rwanda of illegally exploiting these minerals. The DRC government views the plunder of its mineral resources as a primary driver of the conflict between its forces and the M23 rebels in eastern Congo, a conflict that has intensified since January. Kinshasa accuses Kigali of smuggling tens of millions of dollars worth of minerals across the border monthly for sale from Rwanda. Reuters reported last week that minerals from Congo could be legitimately exported to Rwanda for processing under the terms of a peace agreement currently being negotiated with the United States. US Diplomatic Push Massad Boulos, a senior advisor to former US President Donald Trump on African affairs, said earlier this month that Washington is pushing for a peace agreement to be signed between the two sides this summer. This would be accompanied by bilateral minerals agreements with both countries, aimed at attracting billions of dollars in Western investment to the region. Boulos, who met with Congolese President Felix Tshisekedi in Kinshasa and Rwandan President Paul Kagame in Kigali in April, indicated that he had presented both parties with an initial draft of a peace agreement. A source familiar with the discussions said that Boulos, described as an envoy of former President Trump to Africa and the father-in-law of his daughter Tiffany, had called for another round of negotiations in Washington next week to address some outstanding differences. The Financial Times noted that the United States hopes to re-establish its influence in the mining sector, which has been largely dominated by China since Beijing secured a multi-billion dollar 'mines for infrastructure' deal with Kinshasa in 2008. According to the newspaper, the scope of Kinshasa's negotiations with Washington is ambitious, combining access for American companies to lithium, cobalt, and coltan deposits in return for investment in infrastructure and mines, alongside efforts to end three decades of conflict in the border regions with Rwanda. Rwanda has long faced accusations of 'exploiting security concerns across its borders as a cover for plundering Congo's resources,' including coltan, used in mobile phones, and gold. Tense Negotiations However, highlighting the tensions in the talks, DRC officials stated there would be no consideration of authorising Rwanda's participation in Congo's minerals trade until M23 rebels withdraw from territory they have controlled since January, and Rwandan forces allegedly supporting them also pull back across the border. A senior Congolese official, speaking on condition of anonymity, said: 'It will be difficult for us to accept this, especially since Rwandan forces are still present in the Democratic Republic of Congo, and M23 forces are still committing violations.' Sources familiar with the talks said Kigali viewed the negotiations as an opportunity to legitimise its access to Congolese resources and attract American investment to expand its existing mineral processing capabilities. However, Kinshasa first wants to regain control of lost territory, including the cities of Goma and Bukavu, before considering such possibilities. The Financial Times quoted Rwandan government spokesperson Yolande Makolo as saying that defensive measures taken by Rwanda on the border are necessary as long as threats and the causes of insecurity persist in the DRC. Separately, Makolo, also identified as Kagame's spokesperson, reiterated, 'Rwandan defensive measures along the border are necessary, as long as the threats and insecurity in the Democratic Republic of Congo continue.' She considered that the most important aspect, beyond the timing of any peace agreement, is that 'it [the agreement] addresses the root causes and is sustainable,' noting that Rwanda is 'optimistic' about the approach being taken by the US administration. Makolo added: 'Economic cooperation between the countries of the region, which strengthens our strengths, and benefits all our peoples, is what we have always aspired to for this part of the continent. That is why we are committed to this process.' A US State Department spokesperson said, 'Both sides have committed to working towards peaceful resolutions of the issues driving the conflict in eastern Democratic Republic of Congo and to bringing greater transparency to natural resource supply chains.' The spokesperson added that 'respect for each country's territorial integrity is central to this process.'