During the ministerial conference of the African Free Trade Area (CAFTA), which ended in the Ugandan capital Kampala on Sunday, Sudan supported its program and proposals to accelerate the completion of the requirements of the African Free Trade Project, which is based on 26 countries in Africa, Stretching from Cape Town to Cairo, to form the largest economic group on the continent and the world.
Efforts are underway to create a free trade area that covers the Common Market for Eastern and Southern Africa (COMESA), Southern African Development Community (SADC) and East African Community (EAC), collectively called the African Continental Free Trade Area (CFTA), covering half the African continent.
The African countries, which are major economic entities Southern African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA). The agreement represents big market with 600 million citizens, a great opportunity for Sudanese and African exports.
According to the secretary-general of the COMESA Department of the Sudanese Ministry of Commerce, Mohamed Ali Abdullah, according to Asharq Al-Awsat after his return on Sunday from Kampala that Sudan had submitted proposals to expedite the completion of the requirements of the Free Trade Agreement in Africa, to make the member countries to be ready for the ministerial meetings in October during the meeting of tripartite free trade zone ministers, which join 26 countries.
He added that his country’s proposals dealt with the completion of the annexes to the Convention on the certificate of origin and the settlement of commercial disputes and granting visas to businessmen, pointing that the proposals were approved and placed on the meeting agenda in October.
Pointed that the Sudan will work in during coming period to complete its customs offers and distribute them to Member counters outside the area of COMESA for negotiation.
He added that there are important steps required by the implementation of the African Trade Agreement for the establishment of the free zone and economic integration, Which is the authorization by the parliaments, Sudan called in the meeting to the signing of the Convention is not enough alone to get the benefits of membership and benefit from the new African economic, explaining in this field has been approved by the Egyptian parliament and the number of countries has increased from 14 to 15 countries.
The meeting was attended by the trade Ministers and officials from the Common Market for Eastern and Southern Africa (COMESA), East African Community (EAC), and Southern African Development Community (SADC).
The TFTA was launched by the Heads of States at Sharm el-Shaik, Egypt in June 2015 and represents an integrated market of 26 countries with a combined population of 625 million people and a total gross domestic product (GDP) of $1.6 trillion.
South Africa is 19th country to sign the agreement. The agreement will enter into force once 14 countries have submitted their instrument of rectification. Egypt recently became the first country to rectify the agreement. Once the agreement enters into force it will reduce the tariffs on goods traded between the tripartite countries and new opportunities for exports as well as regional value chains.