AfCFTA Implementation Post COVID-19
May 29 @ 3:30 pm
The American Business Council in partnership with US Africa Business Centre and the Africa Continental Free Trade Area Secretariat is organizing a webinar on AfCFTA Implementation Post COVID-19 on the 29th of May by 3.30pm WAT.
The main objective of the AfCFTA is to create a single continental market for goods and services, and enable free movement of people and investments, thus paving the way for the establishment of the Customs Union in Africa. Currently the continent has a combined GDP of US$2.5 trillion, which can be grown by US $1 trillion within the next decade through increased production by African industries. The AfCFTA will be fundamental for the achievement of this estimated growth.
With the current pandemic causing economic difficulties for the African Continent, McKinsey estimates that the GDP of Africa could contract by as much as eight (8) percentage points from the 3.9% growth forecast that was predicted for 2020.
The webinar will help drive conversations on the role of the AfCFTA in steering or stimulating domestic production in the wake of Covid-19 and ways in which the AfCFTA can engage partners domestically and internationally to provide technical and financial support to countries in resolving critical issues. This will also help relevant stakeholders walk away with concrete ideas of what the AfCFTA’s vision is and how to help or leverage on the opportunities.
To attend, kindly stream the webinar via the link below and also share comments.
For questions about AFCFTA and the webinar click here!