A Continental Free Trade Area (C-FTA) is to be established in Africa to increase inter-country business by easing the movement of goods and reducing the required travel documentation, officials have announced.
Honoring the move, the Pan African Chamber of Commerce and Industry (PACCI) organized a two day conference in the capital that concluded on Friday, and was attended by Prime Minister Hailemariam Desalegn. C-FTA, according to the PM, will enhance Africa to trade with one another beyond 2017. He said that the African Union has envisaged an African economic community by 2028. To facilitate this vision, a continental free trade area has been endorsed by the member states, Hailemariam said.
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