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Heads of National Shippers Councils are in Democratic Republic Congo’s capital Kinshasa, to roll out strategies and cooperation mechanism with the African Continental Trade Area (AfCFTA) secretariat for a successful implementation.
This conference may be a follow abreast of an initiative that was signed by 44 African countries in 2018 referred to as the African Continental trade Area.
The Democratic Republic of Congo President, Felix Tshisekedi believes the initiative will lift many Africans out of poverty.
“The start of trading under this initiative has shown that we’ll become economically independent in Africa. i would like to declare that my desire is to ascertain this collective effort transform our economies,” he said.
Africa is endowed with tons of natural resources but most of its exports are unprocessed.
“When we join our efforts as a bloc, we become stronger but if we are go individually we’ll not be strong enough and therefore the sense of the African Continental trade Area is that. we’d like to be a robust bloc of Africans,” Sayiba Tambwe, CEO DRC Multimodal Freight Management Office.
The quest to integrate African economies has been expressed by many African leaders for decade, but political differences and poor infrastructure has blighted that goal.
The Democratic Republic of Congo may be a member of the Southern African Development Community – a sub-Regional Economic Community that’s set to profit from the removal of trade barriers in Africa.
“I think that this agreement presents opportunities on each side for DRC also as for South Africa . For export of trade goods…export of trade services, for the establishment of linkages in regional value chains to form sure that we accelerate industrial development on each side ,” Mr Wamkele Mene, first Secretary General of the AfCFTA, said.
Many African economies are hit hard by the COVID-19 pandemic, which has made this push for economic integration a priority.
The officials at the meeting decide to come up with a declaration which can outline the trail to achieving the expected goals of facilitated trade and transport across.