AfCFTA: Free trade must be fair, says Buhari
President Buhari signed the treaty at exactly 10: 47am in the presence of African Heads of States and Governments, delegates and representatives from the private sector, civil society and the media attending the 12th Extraordinary Summit of the AU Launch of the Operational Phase of the AfCFTA.
‘‘I wish to assure you that Nigeria shall sustain its strong leadership role in Africa, in the implementation of the AfCFTA. We shall also continue to engage, constructively with all African countries to build the Africa that we want.’’President Buhari went on: “I have just had the honour of signing the agreement establishing the African Continental Free Trade Area , on behalf of my country, the Federal Republic of Nigeria.
‘‘But it is also clear to us that for AfCFTA to succeed, we need the full support and buy-in of our private sector and civil society stakeholders and the public in general. ‘‘Examples are tackling injurious trade practices by third parties and attracting the investment we need to grow local manufacturing and service capacities.’’
After four years of talks, an agreement to form a 55-nation trade bloc was reached in March, paving the way for yesterday’s African Union summit in Niger. “AfCFTA will reinforce our negotiating position on the international stage. It will represent an important step.’’
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