Trade within the framework of the African Continental Free Trade Area (ZLECAF) was launched this Friday during a virtual ceremony initiated by the Secretariat of the Continental Zone, based in Accra.
This official launch of trade under ZLECAF was decided last December by the Heads of State and Government of the 54 member countries of the African Union, on the occasion of the Extraordinary Summit held by videoconference on the Continental Zone.
This official launch of trade is an important step in the economic integration into one of the most important trading areas in the world with 1.2 billion consumers currently and nearly 2.5 billion in 2050.
From the launch of this flagship project on March 21, 2018 during the Extraordinary Summit of the African Union on the ZLECAF held in the Rwandan capital Kigali, King Mohammed VI affirmed that “Morocco believes in co-development based on cooperation intra-African and economic complementarity, on active solidarity and the pooling of resources and efforts. All in all, these are the conditions inherent in all inclusive growth and in the human and sustainable development of our continent ”.
“Ultimately, the objective is to establish our Continent as a dynamic force and a major player on the international scene, for the benefit of our populations”, underlined the Sovereign in the Speech addressed to the Extraordinary Summit of the African Union in Kigali .
During the extraordinary AU summit which approved last December the launch of trade from January 1, Morocco reaffirmed its commitment to implement the ZLECAF Agreement as a pillar of economic integration Africa and reiterated its readiness to contribute to the advancement of work leading to the operationalization of the ZLECAF and the start of trade.
“Africa is ready to engage in the direction of preferential trade at the scale of the continent”, noted, for his part, the President of the AU Commission, Moussa Faki Mahamat during this extraordinary Summit, noting that an old dream of the Founding Fathers of the OAU is coming true.