Preparations underway for second Africa Trade Forum

GOVERNMENT

|
Image: By BiztechAfrica
Preparations underway for second Africa Trade Forum

Preparations for the second Africa Trade Forum (ATF II) are underway. the event will be themed: “Boosting Intra-African Trade and Establishing the Continental Free Trade Area (CFTA)". The forum is a joint initiative of the Economic Commission for Africa (ECA), the African Union Commission (AUC) and the African Development Forum (AfDB) and is scheduled to be held from 24-26 September 2012 in Addis Ababa.

According to Alan Kyerematin, Head of the Africa Trade Policy Forum at the ECA, ATFII is being organized against a backdrop of increasing commitments to boosting intra-African trade and establishing a CFTA.  “The outcomes of ATF I held in 2011 provided substantive input into the preparations for the January 2012 African Union Summit of Heads of State and Government meeting on the theme; Boosting Intra-Africa Trade.”

Kyerematin adds that the Summit formally endorsed a Framework, Road Map and Architecture for fast tracking the establishment of the CFTA and an Action Plan for Boosting Intra-African Trade.

ATF II, says Kyerematin, will review key challenges in implementing the agreed Action Plan on Boosting intra African Trade and establishing the CFTA, and forge an implementing strategy in that regard.

The results of the January Summit are an important step made by our Heads of States and Government, he says, and adds that the Framework, Road Map and Architecture specifically calls upon ECA, AfDB and other relevant development partners to support the implementation of the Action Plan and the establishment of the CFTA. Further,  ECA, AUC and AfDB, as well as other relevant agencies have been requested to take appropriate measures including studies, technical support to the Regional Economic Communities and sensitization of Member States and partners, for the effective implementation of the CFTA Road Map.

“We have an ambitious programme of action for the development of trade in Africa to deliver on,” urges Kyerematin. “ATF is therefore designated as one of the supporting structures and building blocks for the establishment of the CFTA.”

ATF is a platform for inclusive policy dialogue between various trade constituencies to deliberate and agree on common approaches and strategies for implementing the Action Plan on Boosting intra-African Trade and the establishment of the CFTA.

The forum will agree on specific inputs into the African Ministerial Conference on Trade to be held later this year. It is also expected to adopt a Strategic Implementation Framework for the Action Plan on Boosting intra-Africa Trade and establishment of the CFTA; and strengthen commitment by African member States and trade constituencies to build effective strategic partnerships for implementation.  

For more on the Continental Free Trade Area, download Assessing Regional Integration V, published jointly by ECA, AUC and AfDB at www.uneca.org/ARIA



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE GOVERNMENT NEWS

Angola takes science and technology roadshow to schools

Angola’s Minister of Science and Technology has hailed a programme carried out this year to increase school learners’ understanding of science, technology and innovation. Read More

Senegal to issue smart ID, voter’s cards

The government of Senegal is planning to issue new smart ID documents and voter’s cards, a project it said will strengthen the administration and fight identity theft. Read More

MTN, Orange, Cameroon govt launch Mobile Tax service

The Cameroonian government has launched a new tax service called Mobile Tax, in association with mobile operators MTN and Orange. Read More

BTCL IPO date reset again

The embattled BTCL IPO launch date has not seen the last of its changes yet.  Read More

Botswana tops Africa Prosperity Report

Botswana tops the 2014 Africa Prosperity Report, as the continent enjoys unprecedented economic upturn, but Africa faces new challenges in gender gap and personal freedom. Read More

Mali Digital Plan 2020 to reorganise economy

The coordinator of Mali’s proposed ICT development strategy believes digital technologies have the potential to revolutionise people’s lifestyle and working relationships, boost culture and improve education, among others. Read More

Nigeria lures broadband investors with incentives

Nigeria has highlighted opportunities and incentives for would-be investors, on the sidelines of ITU Telecom World. Read More

Senegal, World Bank launch mobile survey on living conditions

A household survey called A l’écoute du Sénégal ("Listening to Senegal") was launched late last week in this West African nation by the Senegalese government in association with the World Bank. Read More

Gabon businesses to pay tax online

The payment of taxes in Gabon will no longer be done through a procedure of a huge stake of papers and stamps, and by moving from one office to another. Read More

Nigeria finally sells Nitel, Mtel for $252.251m

After about four failed attempts at privatising Nigerian Telecommunications Limited (Nitel) and its mobile arm, Mtel, they have been sold to an unknown player, NATCOM Consortium, for $252,251,000. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

PWC: Optimism abounds but a bumpy journey ahead for somePWC: Optimism abounds but a bumpy journey ahead for some

PwC’s ‘Capital Projects & infrastructure in East Africa, Southern Africa and West Africa,’ report says infrastructure spend in the region is projected to reach $180bn per annum by 2025.

IN DEPTH

Africa lags on digital migration Africa lags on digital migration

Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.