AfCFTA will support Africa’s industrial exports – ECA Official

In his remark seen by APA on Monday at a conference on Industrial Policy of Rwanda for the Next Decade, Mold indicated that the AfCFTA marks a fundamental step towards dismantling barriers and reducing costs to intra-African trade, boost industrialization, improve productivity and competitiveness of Africa for the creation of the much-needed jobs on the continent.

Mold made the case for AfCFTA explaining that Africa’s trade with the rest of the world over the past six decades has not delivered the promised diversification and that most countries on the continent are still import-dependent and export excessive amounts of unprocessed commodities, and, as a consequence, run up large trade deficits.

Based on ECA research, Africa’s trade balance moved from…

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