Audio By Carbonatix
The United Nations has instituted a board to bring out modalities for African countries that are yet to be part of the African Continental Free Trade Agreement.
The members of the board which will be dispatched to various countries are expected to engage Finance and Trade Ministers of countries including, Nigeria and South Africa who are yet to sign on to the deal.
The Executive Secretary of the United Nations Economic Commission for Africa, Dr Vera Songwe disclosed this in Accra.
Dr Songwe was speaking on the different perspective of transformation at the national, continental and Regional levels including the critical role of global partnerships and the private sector.
She said, “All the big economies will realise that if they don't come on board, they will not be able to make it because we're in an era of technology where we can move goods without moving people.”
Dr Songwe said, “Our mission over the next six months is to get 22 countries to ratify. We're sending a team to all the countries, any member country that needs support will be given. Our analysis shows that we will have a 53 per cent increase in intra-trade if the deal is ratified.”
“What that means is that we will be producing more to trade among ourselves. Once that is done then I think the people will have the benefit,” she added.
Economic Commission for Africa (ECA) is the only UN agency mandated to operate at the regional and subregional levels to harness resources and bring them to bear on Africa's priorities.
To enhance its impact, ECA places a special focus on collecting up to date and original regional statistics in order to ground its policy research and advocacy on clear objective evidence; promoting policy consensus; providing meaningful capacity development; and providing advisory services in key thematic fields.
Latest Stories
-
Ninani Group launches D. A. Twum Jnr. Fellowship to address skills gap in creative industry
6 minutes -
Independent assessment by Lands and Mines Watch backs Heath Goldfields for mining operations
8 minutes -
Leaders must be held accountable for their words – Lom-Nuku Ahlijah
17 minutes -
Multimedia Group Limited unveils innovative programming for World Cup 2026
18 minutes -
EBID board unveils ambitious investment drive and new GRO strategy to transform West Africa
19 minutes -
Teacher found dead after days of absence at Oda SHS
20 minutes -
MoMo independence to expand credit, savings and investment — MobileMoney Ltd CEO
21 minutes -
Joy Sports launches two dedicated 2026 World Cup build-up shows
41 minutes -
Pope says he will ‘speak out loud’ against war after Trump attack
57 minutes -
EcoGreen Oases Legacy initiative tackles unemployment and climate challenges with Green Skills Training in Tamale
60 minutes -
Britney Spears goes into rehab after driving under the influence arrest
1 hour -
Mrs Constance Maku Quaynor Ruttmern aka Auntie Maku
1 hour -
Pastor arrested over alleged attempt to bury five-month-old baby alive at Abofrem
1 hour -
Titus Glover accuses NDC of U-turn on LGBTQ+ bill after winning power
1 hour -
Chaos where there should be Gold: The Duffours, Bogoso & Katanomics
2 hours