Audio By Carbonatix
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
-
Trump says progress made in Ukraine talks but ‘thorny issues’ remain
7 minutes -
Fear and confusion in Nigerian village hit in US strike, as locals say no history of ISIS in area
16 minutes -
Health Minister calls for collective action to fast-track Western North’s development
28 minutes -
Mahama Ayariga leads NDC delegation to Bawku ahead of Samanpiid Festival
5 hours -
Edem warns youth against drug abuse at 9th Eledzi Health Walk
8 hours -
Suspension of new DVLA Plate: Abuakwa South MP warns of insurance and public safety risks
9 hours -
Ghana’s Evans Kyere-Mensah nominated to World Agriculture Forum Council
9 hours -
Creative Canvas 2025: King Promise — The systems player
10 hours -
Wherever we go, our polling station executives are yearning for Bawumia – NPP coordinators
10 hours -
Agricultural cooperatives emerging as climate champions in rural Ghana
10 hours -
Fire Service rescues two in truck accident at Asukawkaw
10 hours -
Ashland Foundation donates food items to Krachi Local Prison
10 hours -
Akatsi North DCE warns PWD beneficiaries against selling livelihood support items
10 hours -
Salaga South MP calls for unity and peace at Kulaw 2025 Youth Homecoming
12 hours -
GPL 2025/2026: Gold Stars triumph over Dreams in five-goal thriller
13 hours
