<\/p>\n
Former President John Dramani Mahama has urged all African countries to take advantage of the African Continental Free Trade Area (AfCFTA) to grow their economies.<\/strong><\/p>\nMr Mahama said these at a virtual forum on Thursday October 13 which was organized by the Abuja-based Gusau Institute on the Evolving Africa- China Agenda.<\/p>\nHe stated that Senegal has built a special economic enclave to attract Chinese and other manufacturing companies.<\/p>\nRwanda, Mauritius and South Africa areas all making steady progress in manufacturing and value addition, he added.<\/p>\n\u201cWe must advantage of AfCFTA, grow our values and get ready for increase international trade,\u201d Mr Mahama stressed.<\/p>\n\nFrom President Mahama\u2019s keynote to open the virtual Abuja Forum 2022 organised by Gusau Institute 13\/10\/22 pic.twitter.com\/InVBcMSqos<\/a><\/p>\n\u2014 John Dramani Mahama (@JDMahama) October 13, 2022<\/a><\/p>\n<\/blockquote>\nThe\u00a0AfCFTA is a\u00a0free trade area\u00a0founded in 2018, with trade commencing as of 1 January 2021.\u00a0It was created by the\u00a0African Continental Free Trade Agreement\u00a0among 54 of the 55\u00a0African Union\u00a0nations.<\/p>\nThe\u00a0free-trade area\u00a0is the largest in the world in terms of the number of participating countries since the formation of the\u00a0World Trade Organization. Accra,\u00a0Ghana\u00a0serves as the Secretariat of AfCFTA and was commissioned and handed over to the\u00a0AU\u00a0by the President of Ghana\u00a0Nana Akufo-Addo\u00a0on August 17, 2020 in Accra.<\/p>\nThe agreement was brokered by the\u00a0African Union\u00a0(AU) and was signed by 44 of its 55 member states in\u00a0Kigali,\u00a0Rwanda\u00a0on March 21, 2018.\u00a0The agreement initially requires members to remove\u00a0tariffs\u00a0from 90% of goods, allowing free access to commodities, goods, and services across the continent.<\/p>\nThe\u00a0United Nations Economic Commission for Africa\u00a0estimates that the agreement will boost intra-African trade by 52 percent by 2022.\u00a0The proposal was set to come into force 30 days after\u00a0ratification\u00a0by 22 of the signatory states.<\/p>\nOn April 2, 2019,\u00a0The Gambia\u00a0became the 22nd state to ratify the agreement, and on April 29 the\u00a0Saharawi Republic\u00a0made the 22nd deposit of instruments of ratification; the agreement came into force on May 30 and entered its operational phase following a summit on July 7, 2019.<\/p>\nThe general objectives of the agreement are to create a single market, deepening the economic integration of the continent; establish a liberalised market through multiple rounds of negotiations; aid the movement of capital and people, facilitating investment; move towards the establishment of a future continental customs union; achieve sustainable and inclusive socioeconomic development, gender equality and structural transformations within member states; enhance competitiveness of member states within Africa and in the global market; encourage industrial development through diversification and regional value chain development, agricultural development and\u00a0food security; resolve challenges of multiple and overlapping memberships.<\/p>\nBy Laud Nartey|3news.com|Ghana<\/strong><\/p>\n\u00a0<\/p>\n<\/div>\n
Mr Mahama said these at a virtual forum on Thursday October 13 which was organized by the Abuja-based Gusau Institute on the Evolving Africa- China Agenda.<\/p>\n
He stated that Senegal has built a special economic enclave to attract Chinese and other manufacturing companies.<\/p>\n
Rwanda, Mauritius and South Africa areas all making steady progress in manufacturing and value addition, he added.<\/p>\n
\u201cWe must advantage of AfCFTA, grow our values and get ready for increase international trade,\u201d Mr Mahama stressed.<\/p>\n
\nFrom President Mahama\u2019s keynote to open the virtual Abuja Forum 2022 organised by Gusau Institute 13\/10\/22 pic.twitter.com\/InVBcMSqos<\/a><\/p>\n\u2014 John Dramani Mahama (@JDMahama) October 13, 2022<\/a><\/p>\n<\/blockquote>\nThe\u00a0AfCFTA is a\u00a0free trade area\u00a0founded in 2018, with trade commencing as of 1 January 2021.\u00a0It was created by the\u00a0African Continental Free Trade Agreement\u00a0among 54 of the 55\u00a0African Union\u00a0nations.<\/p>\nThe\u00a0free-trade area\u00a0is the largest in the world in terms of the number of participating countries since the formation of the\u00a0World Trade Organization. Accra,\u00a0Ghana\u00a0serves as the Secretariat of AfCFTA and was commissioned and handed over to the\u00a0AU\u00a0by the President of Ghana\u00a0Nana Akufo-Addo\u00a0on August 17, 2020 in Accra.<\/p>\nThe agreement was brokered by the\u00a0African Union\u00a0(AU) and was signed by 44 of its 55 member states in\u00a0Kigali,\u00a0Rwanda\u00a0on March 21, 2018.\u00a0The agreement initially requires members to remove\u00a0tariffs\u00a0from 90% of goods, allowing free access to commodities, goods, and services across the continent.<\/p>\nThe\u00a0United Nations Economic Commission for Africa\u00a0estimates that the agreement will boost intra-African trade by 52 percent by 2022.\u00a0The proposal was set to come into force 30 days after\u00a0ratification\u00a0by 22 of the signatory states.<\/p>\nOn April 2, 2019,\u00a0The Gambia\u00a0became the 22nd state to ratify the agreement, and on April 29 the\u00a0Saharawi Republic\u00a0made the 22nd deposit of instruments of ratification; the agreement came into force on May 30 and entered its operational phase following a summit on July 7, 2019.<\/p>\nThe general objectives of the agreement are to create a single market, deepening the economic integration of the continent; establish a liberalised market through multiple rounds of negotiations; aid the movement of capital and people, facilitating investment; move towards the establishment of a future continental customs union; achieve sustainable and inclusive socioeconomic development, gender equality and structural transformations within member states; enhance competitiveness of member states within Africa and in the global market; encourage industrial development through diversification and regional value chain development, agricultural development and\u00a0food security; resolve challenges of multiple and overlapping memberships.<\/p>\nBy Laud Nartey|3news.com|Ghana<\/strong><\/p>\n\u00a0<\/p>\n<\/div>\n
From President Mahama\u2019s keynote to open the virtual Abuja Forum 2022 organised by Gusau Institute 13\/10\/22 pic.twitter.com\/InVBcMSqos<\/a><\/p>\n\u2014 John Dramani Mahama (@JDMahama) October 13, 2022<\/a><\/p>\n<\/blockquote>\nThe\u00a0AfCFTA is a\u00a0free trade area\u00a0founded in 2018, with trade commencing as of 1 January 2021.\u00a0It was created by the\u00a0African Continental Free Trade Agreement\u00a0among 54 of the 55\u00a0African Union\u00a0nations.<\/p>\nThe\u00a0free-trade area\u00a0is the largest in the world in terms of the number of participating countries since the formation of the\u00a0World Trade Organization. Accra,\u00a0Ghana\u00a0serves as the Secretariat of AfCFTA and was commissioned and handed over to the\u00a0AU\u00a0by the President of Ghana\u00a0Nana Akufo-Addo\u00a0on August 17, 2020 in Accra.<\/p>\nThe agreement was brokered by the\u00a0African Union\u00a0(AU) and was signed by 44 of its 55 member states in\u00a0Kigali,\u00a0Rwanda\u00a0on March 21, 2018.\u00a0The agreement initially requires members to remove\u00a0tariffs\u00a0from 90% of goods, allowing free access to commodities, goods, and services across the continent.<\/p>\nThe\u00a0United Nations Economic Commission for Africa\u00a0estimates that the agreement will boost intra-African trade by 52 percent by 2022.\u00a0The proposal was set to come into force 30 days after\u00a0ratification\u00a0by 22 of the signatory states.<\/p>\nOn April 2, 2019,\u00a0The Gambia\u00a0became the 22nd state to ratify the agreement, and on April 29 the\u00a0Saharawi Republic\u00a0made the 22nd deposit of instruments of ratification; the agreement came into force on May 30 and entered its operational phase following a summit on July 7, 2019.<\/p>\nThe general objectives of the agreement are to create a single market, deepening the economic integration of the continent; establish a liberalised market through multiple rounds of negotiations; aid the movement of capital and people, facilitating investment; move towards the establishment of a future continental customs union; achieve sustainable and inclusive socioeconomic development, gender equality and structural transformations within member states; enhance competitiveness of member states within Africa and in the global market; encourage industrial development through diversification and regional value chain development, agricultural development and\u00a0food security; resolve challenges of multiple and overlapping memberships.<\/p>\nBy Laud Nartey|3news.com|Ghana<\/strong><\/p>\n\u00a0<\/p>\n<\/div>\n
\u2014 John Dramani Mahama (@JDMahama) October 13, 2022<\/a><\/p>\n<\/blockquote>\nThe\u00a0AfCFTA is a\u00a0free trade area\u00a0founded in 2018, with trade commencing as of 1 January 2021.\u00a0It was created by the\u00a0African Continental Free Trade Agreement\u00a0among 54 of the 55\u00a0African Union\u00a0nations.<\/p>\nThe\u00a0free-trade area\u00a0is the largest in the world in terms of the number of participating countries since the formation of the\u00a0World Trade Organization. Accra,\u00a0Ghana\u00a0serves as the Secretariat of AfCFTA and was commissioned and handed over to the\u00a0AU\u00a0by the President of Ghana\u00a0Nana Akufo-Addo\u00a0on August 17, 2020 in Accra.<\/p>\nThe agreement was brokered by the\u00a0African Union\u00a0(AU) and was signed by 44 of its 55 member states in\u00a0Kigali,\u00a0Rwanda\u00a0on March 21, 2018.\u00a0The agreement initially requires members to remove\u00a0tariffs\u00a0from 90% of goods, allowing free access to commodities, goods, and services across the continent.<\/p>\nThe\u00a0United Nations Economic Commission for Africa\u00a0estimates that the agreement will boost intra-African trade by 52 percent by 2022.\u00a0The proposal was set to come into force 30 days after\u00a0ratification\u00a0by 22 of the signatory states.<\/p>\nOn April 2, 2019,\u00a0The Gambia\u00a0became the 22nd state to ratify the agreement, and on April 29 the\u00a0Saharawi Republic\u00a0made the 22nd deposit of instruments of ratification; the agreement came into force on May 30 and entered its operational phase following a summit on July 7, 2019.<\/p>\nThe general objectives of the agreement are to create a single market, deepening the economic integration of the continent; establish a liberalised market through multiple rounds of negotiations; aid the movement of capital and people, facilitating investment; move towards the establishment of a future continental customs union; achieve sustainable and inclusive socioeconomic development, gender equality and structural transformations within member states; enhance competitiveness of member states within Africa and in the global market; encourage industrial development through diversification and regional value chain development, agricultural development and\u00a0food security; resolve challenges of multiple and overlapping memberships.<\/p>\nBy Laud Nartey|3news.com|Ghana<\/strong><\/p>\n\u00a0<\/p>\n<\/div>\n
The\u00a0AfCFTA is a\u00a0free trade area\u00a0founded in 2018, with trade commencing as of 1 January 2021.\u00a0It was created by the\u00a0African Continental Free Trade Agreement\u00a0among 54 of the 55\u00a0African Union\u00a0nations.<\/p>\n
The\u00a0free-trade area\u00a0is the largest in the world in terms of the number of participating countries since the formation of the\u00a0World Trade Organization. Accra,\u00a0Ghana\u00a0serves as the Secretariat of AfCFTA and was commissioned and handed over to the\u00a0AU\u00a0by the President of Ghana\u00a0Nana Akufo-Addo\u00a0on August 17, 2020 in Accra.<\/p>\n
The agreement was brokered by the\u00a0African Union\u00a0(AU) and was signed by 44 of its 55 member states in\u00a0Kigali,\u00a0Rwanda\u00a0on March 21, 2018.\u00a0The agreement initially requires members to remove\u00a0tariffs\u00a0from 90% of goods, allowing free access to commodities, goods, and services across the continent.<\/p>\n
The\u00a0United Nations Economic Commission for Africa\u00a0estimates that the agreement will boost intra-African trade by 52 percent by 2022.\u00a0The proposal was set to come into force 30 days after\u00a0ratification\u00a0by 22 of the signatory states.<\/p>\n
On April 2, 2019,\u00a0The Gambia\u00a0became the 22nd state to ratify the agreement, and on April 29 the\u00a0Saharawi Republic\u00a0made the 22nd deposit of instruments of ratification; the agreement came into force on May 30 and entered its operational phase following a summit on July 7, 2019.<\/p>\n
The general objectives of the agreement are to create a single market, deepening the economic integration of the continent; establish a liberalised market through multiple rounds of negotiations; aid the movement of capital and people, facilitating investment; move towards the establishment of a future continental customs union; achieve sustainable and inclusive socioeconomic development, gender equality and structural transformations within member states; enhance competitiveness of member states within Africa and in the global market; encourage industrial development through diversification and regional value chain development, agricultural development and\u00a0food security; resolve challenges of multiple and overlapping memberships.<\/p>\n
By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n\u00a0<\/p>\n<\/div>\n
\u00a0<\/p>\n<\/div>\n
![\"\"](\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/10\/1664895541_79_John-Mahama.png\" "\\"John")