ADDIS ABABA, Ethiopia, January 28, 2014 – African Press Organization (APO) – The Commissioner for Trade and Industry of the African Union, Mrs. Fatima Haram Acyl, gave an assessment of the role of existing African Union trade and industry frame works for the economic integration of African countries, and underlined the need for African countries to speak with one voice. The Commissioner was speaking while addressing a press conference on 27 January 2014, at the AU headquarters in Addis Ababa, Ethiopia. She expressed concern that the inability of African countries to coordinate and adopt a coherent approach at international negotiations is obstructing their economic productivity. The Commissioner attributed the inability to agree on a coordinated economic effort to the unequal level of development amongst African countries.
Commissioner Acyl explained that dependency on commodity and unprocessed raw materials will not allow Africa to achieve its vision of an integrated, people centered, prosperous Africa. She underlined that, to realize this vision as part of Agenda 2063, there is a need for economic transformation of African countries and wealth creation for Africans. The Commissioner further explained that the road to realizing such objectives begins with implementing existing frameworks such as PIDA (Program for Infrastructure Development in Africa), CADDP (Comprehensive Africa Agriculture Development Program), BIAT/CFTA (Continental Free Trade Area), AMV (African Mining Vision) and AIDA (Accelerated Industrial Development for Africa).
The Commissioner for Trade and Industry reported that, with regards to trade and industry, in particular with the BIAT/CFTA, AMV and AIDA frameworks, the Commission has taken initiatives to enhance the impact in these areas. She added that, in terms of the CFTA the Commission is in the process of setting up an African Trade Observatory to gather and analyze trade and industry statistics, a CFTA secretariat to work with member states and regional economic communities and prepare for the CFTA negotiations in 2015, and an African Business Council to integrate private sector stake holders within the decision making process of the commission.
The Commissioner also advised the need to focus on investing in African people and introducing initiatives to take advantage of Africa’s increasing population. According to Commissioner Acyl, the suggestion comes in light of the expectation that 25 percent of the world youth under 30 years will be in Sub-Saharan Africa 10 years from now and considering the projection that Africa’s population will increase from 15 percent of the world population in 2013 to 23 percent by 2050.
African Union Commission (AUC)
© 2014, Newstime Africa. All rights reserved. – The views expressed here are purely those of the author and not necessarily those of the publishers. – Newstime Africa content cannot be reproduced in any form – electronic or print – without prior consent of the Publishers. Copyright infringement will be pursued and perpetrators prosecuted.
107,895 total views, 11 views today