AfCFTA to remove colonial Trade patterns

By Davison Vandira

THE African Continental Free Trade Area is set to dismantle colonial Trade patterns that have impeded the continent from benefiting economically as African countries have been merely producing raw materials for other continents disguised as exports.

Africa has not fully benefited from its abundant resource base as it has been a supplier of raw materials to other continents due to the residue of colonial Trade patterns.

The operationalisation of the African Continental Free Trade Area is however expected to change that script with Intra Africa Trade set to be prioritised by exploring different competitive and comparative advantages.

“As AfCFTA we will be pursuing a vigorous exercise to demolish traditional colonial Trade patterns that have milked Africa and we will promote the development of Africa in its entirety,” said His Excellency Wamkele Mene- AfCFTA Secretary-General.

Industry and Commerce Minister Honourable Sekai Nzenza who exchanged notes with the AfCFTA delegation highlighted that African Trade Liberalisation dovetails with the country’s re-industrialisation drive.

“As Zimbabwe, we would want to fully integrate our systems to speak to Africa’s development matrix hence we are improving our production technologies to improve efficiency such that we become competitive,” said Dr Sekai Nzenza, the Minister of Industry and Commerce.

Zimbabwe is seeking to continue with its macroeconomic reform strategies to fully benefit from the expanded export horizons and become a middle-income economy by 2030.

The post AfCFTA to remove colonial Trade patterns appeared first on ZBC NEWS.

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