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Africa Targets Free Trade Area By 2017
Africa will target the establishment of a continental free trade area by 2017, said a document issued at the closing of the 18th summit of the African Union (AU) Tuesday. “The Continental Free Trade Area (CFTA) should be operationalised by the indicative date of 2017,” said the document.
The AU has made a three-step plan in preparation for the ultimate CFTA target, reported Xinhua. The first step is to finalize the tripartite agreement among East African Community (EAC), the Common Market for Eastern and Southern Africa (COMESA), and the Southern African Development Community (SADC) by 2014.
The second is to urge other trade blocs to follow the experience of the tripartite agreement and reach parallel agreement between 2012 and 2014. The third is to consolidate the tripartite and other regional free trade areas into CFTA initiative between 2015 and 2016.
“Enhanced intra-African trade and deepened market integration can contribute significantly to sustainable economic growth, employment generation, poverty reduction, inflow of foreign direct investment, industrial development and better integration of the continent into the global economy,” said the document.
Africa has major regional trade blocs, including the Economic Community of West African States (ECOWAS), the Economic Community of Central African States (ECCAS), the Arab Maghreb Union (AMU) and the Community of Sahel-Saharan States (CEN-SAD). (IANS). Agencies
Posted by
Sando
February 9, 2012 at 9:20 am
We are doing all this in line with the One World order. Next it will be Euro to join hand with AU then the triple 6 mark will show it’s face.
Sulphur
February 9, 2012 at 10:07 am
I am very happy with the move,because the prophecy foretold is to be fulfilled.Then the AU will join the EU and then the beast will be manifested to rule the whole world,and that is the new world order.After this JESUS CHRIST should come,it’s a good move actually.
Changes
February 9, 2012 at 12:31 pm
Yes the fulfilment of prophecy. president Franklin Roosevelt once said “In politics nothing happens by accident,if it happens,you can be sure we planned it that way”This is the jesuit movement.
pulamasaka
February 9, 2012 at 10:28 pm
the mark of the beast..sata is making it easier..unfortunate are u who help in formulation of the world government that will oppress GOD’s people..
bbbb
February 10, 2012 at 10:47 am
this so very true….. well for us its all joy coz God is on our side
The Thinker
February 10, 2012 at 8:25 pm
Its sad Africa is selling itself to the first world. If only AFRICAN LEADERS could be CRITICAL enough, failures of the EU would be good lessons. I wonder when our leaders would be firm and wise enough. Globalization!!! is a dirt word! We will remember the good old days. Something sinister is imminent.