Thursday, January 19, 2012

Free Trade Agreement in Africa to Promote intra-African Trade

This month, many African Heads of State will come together in an effort to launch a "continent-wide free trade agreement (CFTA)."  This is in an effort to promote intra-African trade and hopefully provide an avenue for the poor to free themselves from economic oppression.

Effective regional integration in Africa would not only enhance trade within Africa but it would also attract investment in manufacturing. Experience in many countries has demonstrated that light manufacturing can be a major source of job creation and economic growth. African countries remain highly fragmented, preventing investment by firms in the development of efficient supply chains on the continent.

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