UN-backed Africa trade forum gathers steam in Nigeria

FTA Continental Africa. Photo : Amira Daoui

Addis Ababa, Ethiopia (ADV) – A two-day Africa Trade Forum aimed principally at discussing the process for realising the African Continental Free Trade Agreement (AFCFTA) ends Saturday in Lagos, ADV has learned.

The United Nations Economic Commission for Africa (ECA) which is also co-organizing the event says the forum will also examine the challenges and opportunities of the AfCFTA in individual African states.

It will also provide a platform to discuss Africa’s participation and ownership of the AfCFTA objectives and examine how intra-regional trade can enable prosperity in Africa.

Further to that, participants at the forum will determine how nations can move from a signed AfCFTA to real action and implementation.

Nigeria’s Ministry of Industry, Trade and Investment is also co-organizing the event along with The Rockefeller Foundation and the African Union Commission (AUC).

The event brings together stakeholders from across the continent, political and governance spheres, the private sector and entrepreneurs, philanthropists, academia, researchers and development partners.

ECA’s Executive Secretary Ms. Vera Songwe, said that “in an age of trade wars, Africa is sending a strong message with the success of the forum”.

The AfCFTA was signed in March 2018 by 44 African countries to provide improved competition and lower business costs and if ratified, would become one of the world’s largest trading blocs.

© Bur-csa – A.H / N.A / From our regional correspondent Tamba Jean-Matthew III– African Daily Voice (ADV)