OPINION BY OLAKUNLE MOHAMMED: The bumpy ride of logistics within Africa and AfCFTA’s potential solutions | TheCable
repository of trade information that allows you to monitor the pace of trade in real time. This is an essential tool for Africa’s information systems and coordination of logistics activities.One of the main goals of AfCFTA is to create a single market for goods and services across Africa. To achieve this, the AfCFTA is aiming to establish a harmonised regulatory framework for customs and border crossing.
Then, the AfCFTA is championing the use of technology for trade facilitation. One of the phases in AfCFTA’s implementation is a digital trade platform which will be created to automate and streamline customs and border procedures. This platform will focus on the electronic submission and processing of trade documents, reducing the need for physical paper documents and the associated delays and costs.
The supply chain plays a critical role in the competitiveness of businesses and the overall economic growth in which logistics is an integral part of the supply chain structure. The AfCFTA is a game-changer for the continent to achieve economic integration, with the potential to increase intra-African trade, boost industrialization, and improve competitiveness.
Mohammed is a master’s student at the University of East Anglia and a free trade fellow at Ominira Initiative. He can be reached via [email protected]
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