Business News of Tuesday, 2 March 2021Source: www.ghanaweb.comImpact of AfCFTA may be lost if countries sign unilateral trade deals – Hubert ArthurIsaac Hubert Arthur, Exec. Director of Africa Centre for International Trade and DevelopmentThe Executive Director of the Africa Centre for International Trade and Development, Isaac Hubert Arthur is concerned that the continental Free Trade Agreement may lose its impact if countries sign a unilateral deal with other countries outside the continent. Ghana is expected to sign a trade deal with the UK on Tuesday and that is expected to deepen bilateral ties and give exporters hope. Speaking in an interview with Accra-based JoyNews monitored by GhanaWeb, Mr. Arthur said the fragmentation of trade deals may cause countries participating in AfCFTA to lose their focus. He further stated that: “It creates fragmentation in the entire system, the point is we have a major focus AfCFTA, the ECOWAS has been there for long with so many agreements but I think the AfCFTA is going to give all of us the opportunity as we try to implement, let us promote Africa-Direct investment and not just foreign-direct.”

Source: GhanaWeb March 02, 2021 18:33 UTC