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Tripartite free trade area in Africa to launch in May: AU official

10 mars 2015

A senior official of African Union (AU) said Tuesday the long-awaited tripartite free trade area between three regional blocs is expected to be launched in May in Cairo, Egypt.

A senior official of African Union (AU) said Tuesday the long-awaited tripartite free trade area between three regional blocs is expected to be launched in May in Cairo, Egypt.
To boost intra-Africa trade, AU heads of state in January 2012 decided to establish the continental free trade area (CFTA) by 2017 between the Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC), and the Southern African Development Community (SADC).
In a press briefing in the framework of the 24th AU summit at the AU headquarters in Ethiopia's capital Addis Ababa, Fatima Haram Acyl, AU Commissioner for Trade and Industry, said the tripartite free trade area is something to be encouraged as a roadmap for the continental free trade area in Africa.
With 26 countries, 625 million people, and 1.2 trillion U.S. dollar gross domestic products (GDP), the three regional blocs said earlier they would be completing the tripartite free trade area in December of 2014, recalled the commissioner.
She announced that the commission is striving towards providing a common AU passport to facilitate a continental free movement of people across the borders of the respective African countries which will enhance trade within Africa.
The commissioner underscored the need for the statistics of the free trade areas to be reviewed so as to provide African business men with updated data to enable them to do their business transaction and networking efficiently.
http://www.globalpost.com/dispatch/news/xinhua-news-agency/150127/tripartite-free-trade-area-africa-launch-may-au-official

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