Trade tension and its impact on the international business environment have been an increasing concern to business leaders across the globe. Today’s headlines are filled with stories of new barriers to market, including tariffs, import quotas and closing of markets, for example when food safety rules are not met. However, these headlines sketch a gloomier trade outlook than necessary. Over the last few years a number of new trade agreements have been signed and come into force. Recent trade agreements include the African Continental Free Trade Area (“AfCFTA”), Comprehensive and Progressive Agreement for Trans-Pacific Partnership (“CPTPP”) and the Comprehensive Economic and Trade Agreement (“CETA”) are either in force or have been provisionally applied.
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