Egypt to participate in launching AfCFTA Guided Trade Initiative in Ghana

Marwa Tawfik, Thursday 6 Oct 2022

The African Continental Free Trade Area (AfCFTA) said it will launch the Guided Trade Initiative at its 10th African Trade Ministerial Meeting, in which Egypt is taking part, on 7 October.

Secretary General
Secretary General

 

Egypt will participate with the largest shipment of products to Ghana within the framework of the initiative, according to a press statement.

The 10th African Trade Ministerial Meeting of the AFCFTA will be hosted for two days in the Ghanaian capital Accra.

The initiative will symbolise the beginning of commercially meaningful trade on a pilot basis between Ghana, Cameroon, Egypt, Kenya, Mauritius, Rwanda, Tanzania, and Tunisia. These countries were selected to represent the five African Union regions, namely: Western, Central, Eastern, Southern and Northern Africa, respectively.

The trade initiative directed to the free trade zone aims to send a message to Africa and the rest of the world to start activating trade using the procedures of the African Continental Free Trade Area.

The initiative also aims to reconcile businesses and products for export and import between interested state parties in collaboration with their national AFCFTA implementation committees.

The initiative will serve as a gateway to encourage continued trade under the AFCFTA resulting in increased opportunities for SMES, youth, and women in trade, and ultimately establishing sustainable and inclusive economic development.

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