Daily Archives: May 28, 2019

AfCFTA: World’s largest free trade zone launches in Africa this week

The African Continental Free Trade Area (AfCFTA) will come into force on Thursday. It will be the largest free trade agreement by population that the world has seen since the 1995 creation of the World Trade Organization. The Egyptian Foreign Ministry said over the weekend that the required 22 ratifications have been received. The latest…

Far-reaching effects: New EU aviation fuel tax will send airfares soaring

The European Commission is considering aviation fuel tax that is supposed to reduce carbon emissions by 11 percent and have a “negligible” impact on jobs and the economy. But experts say that it will have far-reaching effects. According to a leaked EC report, taxing aviation kerosene sold in Europe would cut aviation emissions by 16.4…