The East African regional business and private sector watchdog on Monday urged South Sudan to ratify the African Continental Free Trade Area (AfCFTA) to boost the country’s trade.
John Bosco Kalisa, the chief executive officer of the East African Business Council (EABC), said South Sudan, the only EAC member state yet to ratify the agreement, stood a chance of boosting its trade with the ratification of the AfCFTA.
Other member states of the EAC that have ratified the agreement are Tanzania, Kenya, Uganda, Rwanda and Burundi.
Kalisa said South Sudan boasted of a competitive advantage in the livestock and agriculture sector, and small and medium enterprises in leather and butter industries.
He added that the leather and butter industries in South Sudan ought to be integrated into the regional value chain to boost production capacity and export more to the African continent.
At least 42 of the African Union (AU) members have ratified the AfCFTA that seeks to increase intra-African trade by 52 percent by 2022 and remove tariffs on 90 percent of goods.
The AfCFTA was signed by 44 of the AU members on March 21, 2018, in Kigali, the Rwandan capital. Enditem