Afcfta Accra Headquarters

Egyptian President Abdel-Fattah al-Sisi reiterated on Sunday his country’s support for the African Continental Free Trade Area (AfCFTA) which commenced earlier this month.

Sisi’s remarks came during his meeting in Cairo with Wamkele Mene, secretary general of the AfCFTA, Egyptian Presidential spokesman Bassam Rady said in a statement.

Sisi affirmed Egypt’s full support for the activities and work of the AfCFTA, which represents a promising start towards continental integration in Africa, the spokesman said.

The Egyptian president stressed that his country is fully prepared to provide its expertise to help activate the free trade zone, noting that stability is very important as it provides the appropriate climate for the success of the efforts and activities of the agreement.

For his part, Mene expressed his appreciation for the vigorous follow-up of the Egyptian president to the procedures for launching the AfCFTA during his presidency of the African Union.

Mene pointed out that Egypt was one of the first countries to sign and ratify the agreement.

Trading under the AfCFTA began on Jan. 1, making it the world’s largest free trade area in terms of participating member states after the formation of the World Trade Organization.

Data from the World Bank shows that the trade bloc, which has so far garnered 54 signatories, covers a total population of over 1.2 billion with a collective gross domestic product of 3.4 trillion U.S. dollars.

The AfCFTA has the potential to boost intra-Africa trade by about 52 percent by 2022, according to the United Nations Economic Commission for Africa. Enditem

Disclaimer: News Ghana is not responsible for the reportage or opinions of contributors published on the website.

Send your news stories to [email protected] and via WhatsApp on +1-508-812-0505 

Previous articleSamsung heir sentenced to 2.5 years in prison for corruption
Next articleTanzania warns immigration officials against facilitating illegal immigrants
Xinhua News Agency, Xinhuanet is an important central news service-oriented website, an important information organ of the central government, and an important platform for building up China's online international communication capacity. Established on November 7, 1997, as an online news provider of the Xinhua News Agency, it was officially named Xinhuanet on March 10, 2000 and began around-the-clock news release with leading online public opinion at home and setting a good image of China abroad as its main task.


Please enter your comment!
Please enter your name here