Business AfCFTA: ‘Africa Must Dismantle Tariff Barriers Hindering Continental Trade’
The Shippers Council’s boss, however, stated that if potentials inherent in intra-African trade are effectively harnessed, the African economy would expand by 52.3er cent.“The United nations Commission for Africa estimated that AFCFTA would expand the size of Africa’s economy to US$29 Trillion by 2050 and increase intra-African trade to 52.3 per cent from the current 11 per cent.
He added that there was need not to totally ignore the role of carriers, the vessel owners and the vessel itself on their part in delivering on AFCFTA.
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