African Traders to Benefit from Preferential Trading Arrangements Offered by the AfCFTA

The African Union plans to launch the operational phase of the African Continental Free Trade Area (AfCFTA) at an Extraordinary Summit of Heads of State and Government on July 7 in Niamey, Niger. African Union Commission (AUC) Chairperson Moussa Faki Mahamat termed the event as a remarkable and historic achievement. The AU said that a decision on the location of the secretariat of the AfCFTA is also expected to be made. The secretariat’s primary mandate will be the implementation the agreement. Seven countries have submitted bids to host the secretariat. They are: Egypt, Eswatini, Ethiopia, Ghana, Kenya, Madagascar and Senegal. The AU’s Executive Council will elect four board members of the African Union Advisory Board on Corruption and prepare the draft agenda and decisions for the 12th Extraordinary Assembly that will launch the AfCFTA.SOURCE: CGTN AFRICA

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