Economics
Africa Trade Pact’s Architects Seek to Help Offset Tariff Losses
- Negotiators and Afreximbank in talks about adjustment facility
- Countries must reduce reliance on tariffs: secretary general
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Architects of an Africa-wide free-trade area are in talks with the African Export-Import Bank to set up an adjustment facility to offset revenue losses for countries that lower cross-border tariffs, according to the zone’s most senior official.