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South Africa Participates in Africa Trade Conference
Source: BuaNews
Source Date: Thursday, December 01, 2011
Focus: ICT for MDGs
Country: South Africa
Created: Dec 01, 2011

These priority areas will form the elements of an action plan that member states will implement to enhance intra-African trade from the current levels of around 13% to 25% or more within the next decade.

This would make intra-African trade a driver of development and regional integration, in much the same way as regions such as the European Union and Asia.

 

The conference is a forerunner to the 2012 AU Summit of Heads of State and Government, which will focus on the theme of ‘Boosting Intra-Africa Trade’. The theme stems from a recommendation from the 6th Ordinary Session of the AU Ministers of Trade held last year to fast track the establishment of a Pan-African free trade agreement.

 

“The establishment of an agreement will lead to a significant growth of intra-Africa trade and assist Africa to use trade more effectively as an engine of growth and sustainable development,” noted the department.

 

The conference ends on Saturday.
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