The African Continental Free Trade Area (AfCFTA) undergoing sluggish kick-off was capable of reducing trade costs and facilitates business expansion.
It would provide great opportunities for African businesses to gain from, and contribute to Africa’s rapid market growth.
AfCFTA is a tool to create opportunities for African businesses and drive the continent’s industrialization, economic diversification and development, Mr. David Luke, Coordinator of the Africa Trade Policy Centre (ATPC) at the Economic Commission for Africa (ECA), explained.
In a presentation at the on-going 24th Sessions of the Inter-Governmental Committee of Experts (ICE) of Southern Africa in Mauritius, Luke noted that AfCFTA had been signed by 49 of the 54 African countries and ratified by seven so far.
“The AfCFTA helps promote the type of trade that produces sustainable growth, creates jobs for Africa’s youth, and establishes opportunities for…
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