Africa Monitor Intelligence
Sao Tome and Principe: Accession to African Free Trade Area Advances
The adherence to the Agreement that creates the African Continental Free Trade Area (AfCFTA) and the ongoing reforms in the customs area, mainly in the simplification of procedures, led the Government to create a National Committee for Trade Facilitation (CNFC), for coordination and following up of commercial policies.
With a status of public-private partnership and of an advisory nature, the CNFC has the authority to formulate recommendations in the scope of the development of international trade / exchanges and all its logistics. Its objectives include facilitating coordination for the implementation of trade facilitation reforms, namely specific measures and constituting a platform for coordination and harmonization of procedures related to international trade.
The CNFC will remain in the hierarchical dependency of the minister responsible for the Directorate of Customs and Commerce, and since the end of 2020 the Secretary of State for Trade and Industry has been directly dependent on the PM, JORGE BOM JESUS. READ MORE