Accra, Ghana, 14 April 2025- Congratulations to the Federal Republic of Nigeria on gazetting its AfCFTA Provisional Schedule of Tariff Concessions (PSTCs)! Nigeria becomes the 23rd AfCFTA State Party to gazette its PSTCs.
What does it mean to gazette or domesticate a trade commitment? It is an official announcement that enhances transparency, ensuring that businesses, organisations, and citizens are informed of new regulations coming into force. This marks a key step towards the full implementation of the AfCFTA Agreement.
For traders, this provides clarity and certainty, confirming that Nigeria will grant preferential tariff treatment to eligible goods upon importation, in line with its commitments under the AfCFTA Agreement.