KAM yesterday said overlapping membership to trading blocs also stands as a hindrance to speedy adoption of the continental trade pact. State parties also need to resist the temptation to impose other protectionist measures at the expense of a well-developed African regional value chain, KAM told the Star. The association has called on the African Union and AfCFTA to continue lobbying countries to ratify the agreement, in order to have more countries operating under a liberalized trade regime. It is critical that the AfCFTA Secretariat shares with stakeholders, the customs procedures required for trading under the new trade regime, it adds. “The boost in intra-Africa trade will create more jobs and enhance skills transfer, due to the liberalized movement of suppliers of goods and services.

Source: The Star April 09, 2021 00:56 UTC