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
-
Women. Power. Politics. The Oldest Unpaid Job in the World (Issue 2)
7 minutes -
NDC denies diverting cocoa funds for presidential aircraft purchase, calls claim false
21 minutes -
Full Report: Probe Committee Report on Charles Amissah’s death
23 minutes -
Photos: Veep joins stakeholders at 3i Africa Summit to advance Africa’s digital integration
30 minutes -
Charles Amissah’s death: Committee report should serve as a warning to health workers—Doctor
32 minutes -
Think the weather forecast is unreliable?: Here is why
37 minutes -
Women’s Development Bank to offer low-interest credit for female entrepreneurs – Trade Minister
40 minutes -
UK immigration officer among two men guilty of working for Chinese intelligence
41 minutes -
Fears of renewed Gaza war as Hamas disarmament talks stall
41 minutes -
Israeli military investigates soldier’s act against Virgin Mary statue in Lebanon
41 minutes -
Major rail disruption expected in southern England until end of day
41 minutes -
The ‘Only Way Is Essex’ star Jake Hall dies aged 35
42 minutes -
NDC defends BoG, dismisses NPP’s GH₵44bn loss claims as propaganda
50 minutes -
Medical Laboratory Governance Beyond Rhetoric: Who should control Diagnostic Services in Ghana?
58 minutes -
Former NDC Branch Chairman covers nomination fees for Klottey Korle Executives
60 minutes