A roundtable comprising trade experts in the public and private sectors met in Nairobi, Kenya, recently to discuss the Continental Free Trade Area (CFTA) as a catalyst to Africa’s economic development.
The May 7 event was organized by the African Union Commission, the World Economic Forum and CNBC Africa. The discussions highlighted four critical issues: a 21st century trade and investment agenda for Africa; lowering tariff and non-tariff barriers; resolving the political and technical challenges in establishing the CTFA; and effective private sector engagement in the CFTA negotiations.
The African Union (AU) envisages a CFTA to be launched in 2017. Its aim is to create a single market for Africa, whose one billion people, goods, services and skills, will move freely, creating a larger, vibrant economic space for trade and investment. Read more. Source | African Development Bank