Following the historic signing of the African Continental Free Trade Agreement (AfCFTA) in Kigali, Rwanda in March this year, the African Capacity Building Foundation (ACBF) is calling on African nations to bolster their capacities in readiness for implementation of the ambitious plan.
So far Ghana, Niger, Kenya and Rwanda have ratified the AfCFTA which was signed by 44 African states. The treaty needs to be ratified by 22 states to take effect.
Professor Emmanuel Nnadozie, the Executive Secretary of ACBF, speaking at a panel event during the UN Economic Commission for Africa’s 51st Conference of Ministers, currently taking place in Addis Ababa (Ethiopia), underscored the importance of enhancing skills necessary for the actualization of AfCFTA.
He explained, ‘Capacity is central and is the very heart of implementing, actualising and maximizing the AfCFTA,’ and added, ‘the agreement is a game changer if it is properly implemented.’
According to models and scenarios presented by the ECA, the continent will become the world’s largest trade bloc with a market of 1.2 bn people.
Read full article at: http://businessdayghana.com/capacity-building-needed-to-implement-african-free-trade/
