The African Continental Free Trade Area (AfCFTA) secretariat based in Accra has launched a guided trade initiative for seven member countries.
The seven countries which have signaled their readiness to start trading under AfCFTA are Tanzania, Mauritania, Kenya, Egypt, Cameroon, Rwanda, and Ghana.
Secretary-General of the AfCFTA Wamkele Mene said at least 96 different products from the seven countries could be freely traded under the rules of AfCFTA.
Products approved to trade under AfCFTA include horticultural products, pharmaceuticals, rubber, aluminum kitchenware, sugar, steel, and wooden products. These products originating from Africa will enjoy duty-free and quota-free trading among the partnering countries.
“This is the moment the founding mothers and fathers of the Organization of African Unity have longed (for). We have finally honored and made reality the vision of those who liberated our continent,” said Mr. Mene.
“We are connecting East Africa to West Africa, North Africa to Southern Africa. Trade will be the driver of inclusivity, creating opportunities for young Africans. So we have taken the first journey today, and I hope in 15 years, we will have succeeded in lifting millions and millions of Africans out of poverty.”
Ghanaian Minister for Trade and Industry Alan Kyerematen observed that the launching of guided trade among seven countries was symbolic in many ways.
“It symbolizes that AfCFTA is not just on paper but a reality. And we are moving from talk and negotiations to action. It also symbolizes that governments in Africa who have been involved in the negotiations are now giving way to the private sector to make it a reality,” Mr. Kyerematen stated.
Latest Stories
-
‘A beacon of hope’ – Prof. Opoku-Agyemang’s rise lauded by NDC Professionals Women
12 minutes -
Ghana’s leadership a beacon of hope for Africa – Tinubu
46 minutes -
Explosive fertiliser in Ivory Coast harbour nothing to fear, officials say
54 minutes -
Nigerian atheist freed from prison but fears for his life
1 hour -
Djokovic still has ‘trauma’ over Covid deportation
1 hour -
Constitution isn’t broken, but it needs a service – Former Chief Justice Sophia Akuffo
2 hours -
Macron accused of ‘contempt’ over Africa remarks
2 hours -
Miner, 23, fined for receiving payments through electronic medium falsely
3 hours -
Norrie apologises after thrown racquet hits spectator
3 hours -
Ex-Chief Justice calls for review of ‘Imperial Presidency’ in the Constitution
3 hours -
Former CJ Sophia Akuffo challenges Akufo-Addo’s stance on constitution’s perfection
4 hours -
Djokovic and Murray join forces in Melbourne
4 hours -
‘It’s tricky, they fly a lot’ – Arteta on Carabao Cup balls
4 hours -
Newcastle win at Arsenal to take control of EFL Cup semi-final tie
4 hours -
Even Salah would struggle at Spurs – Postecoglou
5 hours