The eight regional trade blocs under the African Union (AU) will start negotiations in December this year that will see creation of a Continental Free Trade Area. Economic Community Of West African States (ECOWAS) Head of Infrastructure Department Christian Appiah said all is set for the talks which will focus on dealing with opening of boundaries by dealing with tariff and non-tariff barriers. He says on their part, ECOWAS is ready to trade with the East African Community since both blocs are strongly established. “We have had several consultations with other regional blocs and at the African Union level, they recognize the regional economic communities that we have. At the moment each of these regional bloc is developing a strategy on how this continental collaboration is going to work,” Appiah told journalist at the Trade Mark East Africa offices in Nairobi on Friday. Apart from EAC and ECOWAS, other African regional blocs under the AU include, Arab Maghreb Union (UMA), Common Market for Eastern and Southern Africa (COMESA) and the Economic Community of Central African States (ECCAS) and Intergovernmental Authority on Development (IGAD). Others are the Southern African Development Community (SADC) as well as Community of Sahel-Saharan States (CEN-SAD). The creation of a pan-African trade pact have been the centre of discussion for several AU summits with questions raising on how to actually implement free trade area considering the various tough policies among different member countries. However according to Appiah, there is no need to postpone as everything must start...
Talks on African free trade area start in December
Posted on: September 19, 2016
Posted on: September 19, 2016