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FILE PHOTO: Egyptian President Abdel Fattah el-Sisi (left) shakes hands with Niger’s President Mahamadou Issoufou after the launch of the “operational phase” of the African Continental Free Trade Area during the Union summit Africana in Niamey, Niger, on July 7, 2019.. / VCG Photo
FILE PHOTO: Egyptian President Abdel Fattah el-Sisi (left) shakes hands with Niger’s President Mahamadou Issoufou after the launch of the “operational phase” of the African Continental Free Trade Area during the Union summit Africana in Niamey, Niger, on July 7, 2019.. / VCG Photo
Egyptian President Abdel Fattah el-Sisi on Sunday reiterated his country’s support for the implementation of the African Continental Free Trade Area (AfCFTA).
El-Sisi made the promise in a meeting with the AfCFTA secretary general, Wamkele Mene, who is on an official visit to the North African country.
“The president affirmed Egypt’s full support for the activities and work of the agreement, which represents a promising start for continental integration in Africa, towards the desired economic and trade integration for African countries,” said a statement from the Egyptian presidency.
The President also stated that Egypt is fully prepared to provide its expertise, in this regard, for the African Continental Free Trade Area (AfCFTA) to come into force, indicating that the stability factor is extremely important to provide a favorable environment. for the success of the efforts and activities carried out to keep the agreement going. “
For his part, Mene affirmed his enthusiasm to benefit from Egypt’s development experience with a view to enhancing AfCFTA efforts and achieving success.
The operational phase of the AfCFTA was launched at the XII Extraordinary Summit of the African Union (AU), which was held from 7 to 8 July 2019.
The free trade zone is expected to create a market for more than 1 billion people, with a GDP of approximately US $ 2.6 trillion.
Several leaders have praised the AfCFTA, calling it a game changer in Africa’s business sector.
