President Mahama highlights transformative potential of AfCFTA at APD 2025…
President John Dramani Mahama has highlighted the transformative potential of the African Continental Free Trade Area (AfCFTA) during the Africa Prosperity Dialogues (APD) 2025.
The President said “One of the most transformative initiatives of our time is the African Continental Free Trade Area (AfCFTA). With the potential to create the largest free trade area in the world, AfCFTA represents a game-changing opportunity for African businesses, entrepreneurs, and industries.”
Speaking at the event, Mahama emphasised that AfCFTA, with its potential to create the largest free trade area in the world, offers a game-changing opportunity for African businesses, entrepreneurs, and industries.
However, Mahama stressed that trade liberalisation alone is not sufficient to unlock the full potential of AfCFTA. He outlined three key actions that must be taken to ensure the success of the initiative:
President Mahama called for investments in efficient roads, rail networks, ports, and digital connectivity to facilitate trade across the continent and emphasised the need to ensure that African industries produce goods and services that meet regional and global standards.
He highlighted the importance of eliminating non-tariff barriers and reducing business costs across borders to create a seamless trading environment and indicated that committing to these actions can unlock a $3.4 trillion market, creating jobs and prosperity for millions of Africans.
The APD 2025 brought together leaders and stakeholders to discuss strategies for achieving sustainable development and economic growth across Africa.
No Comment! Be the first one.