EABC- UNECA SENSITIZATION WORKSHOP ON THE AFRICAN CONTINENTAL FREE TRADE AREA

Category
Upcoming Events
Date
25 April 00:00
Venue
Tanzania

African’s role in the global trade market has fundamentally been providing raw commodities in exchange for manufactured goods, thereby by capturing a minimal   3% of the global share of trade.

In addition, intra-Africa trade is relatively low at levels of not more than 15% and this can change if Africa effectively addresses supply-side constraints and weak productive capacities, infrastructural bottlenecks, trade information networks, access to finance for businesses, facilitation of trade in services and free movement of people for cross border trade.

The African Continental Free Trade Area (AfCFTA) signed in Kigali, Rwanda on the 18th March 2018 is expected to be of benefit to the private sector in the following ways:

Boosting speed and reduce the cost of customs procedures and port handling through implementation of trade facilitation measures; increasing cross border trade and investment thus enhancing market access for goods and services produced in Africa; Increased competitiveness of African industrial products through harnessing the economies of scale of a continental-wide market; Promotion of innovation and enterprise through  protection of intellectual property rights of African private sector etc.       

The main objective of this regional sensitization workshop is to brief the EAC private sector on the developments in the negotiations for the establishment of the African Continental Free Trade Area as well as obtain Private sector views on the AfCFTA. This will assist in unlocking the full potential of the private sector during the implementation of the AfCFTA. The workshop will also engage the private sector on what they need to do to realize positive benefits from the AfCFTA. It’s important that EAC Private sector takes a position on how they want to participate in the AfCFTA and how they intend it to be conducted.

 
 

All Dates

  • 25 April 00:00

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