Zimbabwe set to benefit from ACFTA market

By ZBC Reporter

African Continental Free Trade Area Secretary General, Wamkele Mene says Zimbabwe is well positioned to benefit from the African market of 1.3 billion people through exports if it enhances its competitiveness.

The African Continental Free Trade Area is projected to create market opportunities and boost the African economy through the promotion of Intra-Africa trade.

The organisation’s Secretary General Wamkele Mene and Principal Legal advisor, Ms Pettina Gappah paid a courtesy call on President Emmerson Mnangagwa at State House in Harare this Thursday.

We had a fruitful meeting with President Mnangagwa we came to brief him on the works of ACFTA, more importantly we discussed how Zimbabwe can benefit from export market under the ACFTA market which now a market of 1.3 billion people. I believe Zimbabwe is well positioned to benefit from this market and increase competitiveness outside SADC region. We had a very good discussion in many areas, he said.

Only one African country is yet to ratify the agreement with negotiations underway to ensure that all countries become members of the trading bloc.

We now have 40 countries which have ratified the agreement and we only have one country which is yet to ratify that is Eritrea and we are engaging them to come to a common ground, he added.

The ACFTA was formed to create a single market for goods and services, while at the same time increasing trade among African nations.

It is also meant to implement protocols to eliminate trade barriers, with special emphasis on investment and competitive policies.

The post Zimbabwe set to benefit from ACFTA market appeared first on ZBC NEWS.

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