African Union : Continental Free Trade Zone finally on track
Potentially, it is the greatest step towards regional integration of Africa since the end of colonialism. Not less. These words are those of Guinea-Bissau, Carlos Lopes, former head of the ECA, who has been spinning this launch of the ZLEC. (Source AU)
Signed by 52 countries (out of 55), the agreement has been ratified by 22 of them: the threshold required by the commission of the institution for the agreement to take effect.
Since May 20, bilateral negotiations continue between the signatory countries on products that will benefit from the right of liberalization and those who will be excluded from this right.
The results of this round of discussions will be endorsed at a ministerial conference in Addis Ababa, Ethiopia, on 7 and 8 June, before the big summit of heads of state and government to launch the first round of talks. operational phase, July 7 in Niamey, Niger.
Convincing the giant Nigerian is one of the great challenges facing the signatory leaders of the Continental Free Trade Zone.