Interview: Free trade deal to benefit Chinese companies in Africa, EgyptAfrican Union Member States after signing the African Continental Free Trade Area (PHOTO: Courtesy)The African Continental Free Trade Agreement (AfCFTA) is very important for Chinese companies in Africa, particularly in Egypt, an Egyptian economic expert said in an interview on Tuesday. He forecasted a 50-percent increase in the Chinese exports to the African countries when the agreement comes into force. "The African free trade agreement will encourage more Chinese companies to work and invest in Egypt's economic zone to benefit from the Suez Canal passage to Africa with reduced tariffs," he said. For their part, members of the delegation praised Sisi's support for the African Union and issues of cooperation and development on the continent. Egypt's large economy volume and regional strength will help the north African country to exercise a great role in activating the agreement, Gab-Allah added.

Source: The North Africa Journal May 22, 2019 07:19 UTC