Frelimo says Machel Junior kept party in the dark - AIM report
Mozambican president Filipe Nyusi is attending the 10th Extraordinary Summit of Heads of State and Government of the African Union (AU) in Kigali, Rwanda. The Summit, which will be chaired by Rwanda’s President Paul Kagame, who is the current chairperson of the AU, is expected to consider and conclude issues related to the African Continental Free Trade Area and adopt the Agreement on the Establishment of the AfCFTA.
The head of state is accompanied by the Ministers of Foreign Affairs and Cooperation, José Pacheco, and Industry and Commerce, Ragendra de Sousa.
The Mozambican presidency justifies the presence of the head of state in a statement which reads: “the creation of the continental free trade area is an important stage in socio-economic integration and the culmination of a negotiating process launched in June 2015”.
If completed among all 55 AU member states, the African Continental Free Trade Area will be the largest single market in the world, with a total gross domestic product of US$2,500 billion (EUR 2,030 billion).
The AfCFTA will make the continent the largest free trade area created since the formation of the World Trade Organisation.
Moussa Faki, the chairperson of the AU Commission says the AfCFTA will also strengthen Africa’s position in global trade.
“AfCFTA will make Africa one of the largest economies in the world and enhance its capacity to interact on equal terms with other international economic blocs,” Faki said.
The 55 AU countries are still far from consensus, and currently laying the groundwork. Given that many countries do not agree on the AfCFTA or the creation of a single African passport, this conference will pave the way for initiatives involving only countries which support such measures.
— African Union (@_AfricanUnion) March 20, 2018
AfCFTA Business Forum about to begin in Kigali pic.twitter.com/zoaYYWaNt3
— ally gugu (@kombolela) March 20, 2018
Source: Lusa / African News Agency/ANA
— Richard Kwizera (@Muzungu4) March 20, 2018