North Africans discuss Regionalisation and the CFTA
The Economic Commission for Africa launched Wednesday 28 October in Rabat (Morocco) a North African private sector workshop on the challenges of trade integration within the context of the African Free Trade Agreement (CFTA). As the economic cost of “non integration” is becoming increasingly unbearable for North Africa, participants focused on the sub-regions’ existing opportunities. “The Maghreb has significant strengths and potential, which could allow it to become a driving force in Africa’s economic development, as a peace, security and stability building and consolidation factor in the Sahel and Sahara region”, said Zakia El Midaoui, Director of Multilateral Cooperation and International Economic Affairs at the Moroccan Ministry of Foreign Affairs. The Forum aims to encourage trade between North African countries and with other African countries, by raising participants’ awareness of the free-trade agreements that exist or are under discussion, and their potential roles in the negotiation and decision processes. “ For developing countries, regional integration is both a way of reducing the negative effects of asymmetrical multilateralism and a smooth insertion strategy into the global economy”, said Nassim Oulmane, acting Director of the ECA office in North Africa.
| Format: | Press release biblioteca |
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| Language: | eng |
| Published: |
2015-10
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| Online Access: | https://hdl.handle.net/10855/36269 |
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