African free trade bloc opens for business, but challenges remain

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African countries began officially trading under a new continent-wide free-trade area after months of delays

But experts view the New Year’s Day launch as largely symbolic with full implementation of the deal expected to take years.

“There is a new Africa emerging with a sense of urgency and purpose and an aspiration to become self-reliant,” Ghana’s President Nana Akufo-Addo said during an online launch ceremony. “COVID-19 has demonstrated that Africa is overly reliant on the export of primary commodities, overly reliant on global supply chains,” he said. “When the global supply chains are disrupted, we know that Africa suffers.”

Finalising those schedules and communicating them to businesses must be done quickly, said Ziad Hamoui of Borderless Alliance, a group that campaigns for easier cross-border trade.

 

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Africans will earn some money. I am happy for them.

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