National NewsNews

Sudan Participates in African Free Trade Area Conference

By Morris Dogga

The deputy Minister of Justice and Constitutional Affairs Martinson Mathew Otoromoi has returned from Senegal after participating in a meeting of the African Union Ministers of Justice on Africa free trade area.

The meeting dubbed a specialized committee on justice and legal affairs was meant for the ministers to consider additions and supplements to the protocol on the establishment of Africa free trade areas.

“The purpose of the meeting was to consider annexes and appendices pertaining to the agreement to establishment of African Continental free trade area,” Otoromoi told the media on Monday at Juba International Airport upon arrival from Senegal.

“We considered about nine annexes and three appendices. The nine annexes are to the protocol of trade in African continent,” he added.

According to the deputy minister, the meeting was attended by about 46 African countries.

The African leaders signed the framework establishing the African Continental Free Trade Area early this year.

It is the largest free trade agreement since the creation of the World Trade Organization.

The free trade area aims to create a single market for goods and services in Africa.

The goal is to create a single continental market for goods and services, with free movement of business persons and investments.

By 2030, the market size is expected to include 1.7 billion people with over $6.7 trillion of cumulative consumer and business spending–that is if all African countries have joined the free trade area by then.

For it to come into force, 22 countries must ratify it. Their national legislative bodies must approve and sanction the framework formally, showing full commitment to its implementation.

Ten countries, including Nigeria, have yet to sign up.

 

 

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