Africa is taking a giant leap in digital trade

Day-2 Discussions at the Executive Council

Africa is taking a giant leap in digital trade! The session will consider 8 draft annexes to the African Continental Free Trade Area (AfCFTA) Digital Trade Protocol. These annexes will create a unified digital trade framework, enabling Africa to harness the potential of the digital economy, foster innovation, and enhance intra-African trade. #AUSummit

Annex on Rules of Origin

o Establishes criteria to determine the origin of digital products and services, ensuring they qualify for preferential treatment under the AfCFTA.

Annex on Criteria for Determining the Legitimate and Legal Public Interest Reasons for Disclosure of Source Code

o Provides guidelines for when source code disclosure is required for public interest reasons, balancing innovation and transparency.

Annex on Online Safety and Security

o Focuses on protecting consumers and businesses from cyber threats, fraud, and data breaches.

Annex on Cross-Border Data Transfers

o Regulates the flow of data across borders, ensuring privacy, security, and compliance with local laws.

Annex on Emerging and Advanced Technologies

o Addresses the regulation and promotion of technologies such as AI, blockchain, and IoT to drive innovation and economic growth.

Annex on Digital Identities

o Establishes frameworks for secure and interoperable digital identity systems, enabling seamless access to services across borders.

Annex on Cross-Border Digital Payments

o Facilitates secure and efficient digital payment systems to support e-commerce and financial inclusion.

Annex on Financial Technology (Fintech)

o Promotes the development of fintech solutions to enhance access to financial services and drive economic growth.