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AfCFTA Implementation: Let’s Meet 1 July 2020 Deadline, President Advises Africa Trade Ministers

18 December 2019

Source: www.tralac.org

 

Ghana’s president, Nana Addo Dankwa Akufo-Addo, has urged African trade ministers and experts working on the AfCFTA implementation, to conclude all outstanding issues on time for trading to start on 1 July next year as planned. He said meeting all the deadlines set by the AU Heads of State and Government at their extra-ordinary summit in July this year, would allow the new African market commence smoothly and bring about the much anticipated socio-economic impact on the continent. “Similarly, for the effective implementation of the AfCFTA, African trade ministers must ensure that the institutional structures, that are established to support the AfCFTA, are based on practical approaches that work in Africa. Existing, as well as new AU programmes and projects aimed at supporting trade, investment and economic development in Africa, at national, regional and continental levels, must all be properly coordinated to support the implementation of the AfCFTA, and, thereby, fast track regional integration, economic growth and development,” he said.

President Akufo-Addo was speaking at the 10th meeting of African Ministers of Trade and 2nd Meeting of the AfCFTA Council of Ministers in Accra on Saturday. It was for stakeholders to continue discussions towards AfCFTA implementation. Various governments, he said had the responsibility to assist this process by fashioning and implementing a comprehensive set of policies that will empower the private sector to achieve its goal. “Appropriate fiscal, monetary, financial, energy, exchange rate, tariff and non-tariff policies must be co-ordinated to enable African enterprises to be competitive, and, where possible, achieve comparative advantage.” [The Gambia hosts technical workshop on National AfCFTA Implementation Strategy].

 

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The Pan African Chamber of Commerce and Industry was established in 2009 by 35 founding national business chambers to influence government policy and create a better operating environment for business.

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