†—•–”‹ƒŽ‹•ƒ–‹‘ ‡‰‹‡ ‘ˆ ‡…‘‘› Ǧ ‹‹•–‡”
MBABANE – 0anToba .hXPalo the 0in iVter of &oPPerce ,ndXVtry and 7rade VayV the $f&)7$ national VtrateJy Zill identify ParNet oSSortXnitieV for ePa6 Zati in the $frican ParNet.
+e Vaid the national VtrateJy beinJ deYeloSed ZoXld alVo aV ViVt in the identification of Srior itiVation of VectorV and SrodXctV for YalXe addition trade and re Jional Yale chain deYeloSPent.
$f&)7$ PeanV the $frican &ontinental )ree 7rade $rea.
.hXPalo Pentioned in the reSort of the 0iniVtry of &oP Perce ,ndXVtry and 7rade
Vt TXarter SerforPance that the national VtrateJy ZoXld helS the coXntry to iPSlePent itV action.
REACTING
.hXPalo ZaV reactinJ to 3rince 0VhenJX¶V TXeVtion on Zhat SroJreVV the 0iniVtry of &oPPerce ,ndXVtry and 7rade had Pade in forPXlatinJ the na tional $f&)7$ 6trateJy.
+e alVo Zanted to NnoZ coXntry ZaV benefittinJ the $f&)7$.
,n reVSonVe .hXPalo Vaid al thoXJh the Vtart of the tradinJ Xnder $f&)7$ aJreePent ZaV laXnched on -anXary no trade aV yet haV taNen Slace Xn der thiV reJiPe. +e Vaid thiV ZaV dXe ro the fact that Ney neJotia tion iVVXeV neceVVary for iPSle if the froP
Pentation of the $f&)7$ aJree Pent VXch aV tariffV and rXleV of oriJin for different SrodXctV Zere not yet finaliVed.
7he $f&)7$ iV the Zorld¶V larJeVt free trade area brinJinJ toJether the coXntrieV of the $frican 8nion $8 and eiJht
5eJional (conoPic &oPPX nitieV 5(&V .
7he oYerall Pandate of the $f &)7$ iV to create a VinJle conti nental ParNet Zith a SoSXlation of aboXt . billion SeoSle and a coPbined *'3 of aSSro[i Pately ( . trillion 86 . trillion .
GLOBAL POWERHOUSE
7he $f&)7$ iV one of the flaJ VhiS SroMectV of $Jenda thePed µ7he $frica :e :ant¶ the $8¶V lonJ terP deYeloS Pent VtrateJy for tranVforPinJ the continent into a Jlobal SoZ erhoXVe.
$V Sart of itV Pandate the $f &)7$ iV to eliPinate trade barri erV and booVt intra $frica trade.
,n SarticXlar it iV to adYance trade in YalXe added SrodXction acroVV all VerYice VectorV of the $frican econoPy.
,t Zill contribXte to eVtab liVhinJ reJional YalXe chainV in $frica enablinJ inYeVtPent and Mob creation. 7he Sractical iPSlePentation of the $f&)7$ haV the Sotential to foVter in dXVtrialiVation Mob creation and inYeVtPent thXV enhancinJ the
McoPSetitiYeneVV of $frica in the PediXP to lonJ terP.
,t entered into force on 0ay
after PePber 6tateV deSoVited their inVtrXPentV of ratification folloZinJ a VerieV of continXoXV continental enJaJe PentV VSanninJ Vince . ,t ZaV laXnched at the ([
th traordinary 6eVVion of the $8 $VVePbly of +eadV of 6tate and JoYernPent in 1iaPey ± 1iJer in -Xly .
7he coPPencePent of tradinJ Xnder the $f&)7$ ZaV in -an Xary . ,tV Vecretariat iV hoVted in $ccra *hana.
:aPNele 0ene iV the firVt elected 6ecretary *eneral coor dinatinJ the iPSlePentation of the aJreePent.
7he PiniVter Vaid it coYered both trade in JoodV and trade in VerYiceV. +e alVo Pentioned that it ZoXld aVViVt to identify the VectorV and SrodXctV of e[Sort intereVt to the coXntry in terPV of both coPSaratiYe and coP SetitiYe adYantaJe.
+e Vaid it ZoXld alVo JiYe an analyViV of the SrodXctV that coXld be SrodXced locally taN inJ adYantaJe of the neJotiated rXleV for both the aJricXltXral and non aJricXltXral SrodXctV VXch aV te[tileV and aSSarel SharPaceXticalV leather cotton fertiliVerV eVVential oilV etc. 7hiV ZoXld alVo inclXde indXV
BABANE – ,n another deYeloSPent .hXPalo Vaid indXVtrialiVation ZaV recoJniVed aV the enJine for the econoPy. $V a reVXlt the PiniVter Vtated that there
TRADE IN GOODS
trial ery.
+e Vaid the national VtrateJy ZoXld aVViVt in the identification of ParNet oSSortXnitieV and Sri oritiVation of VectorV and Srod XctV for YalXe addition trade and reJional Yale chain deYel oSPent.
+e Vaid the national VtrateJy ZoXld aVViVt to identify chal lenJeV and Sotential iPSedi PentV inclXdinJ thoVe linNed to non tariff barrierV inYeVtPent coPSetition intellectXal SroS erty riJhtV inVtitXtional and Solicy ZeaNneVVeV reJXlatory and VNillV JaSV alVo VXJJeVtinJ the neceVVary VtrateJic actionV reTXired. $ccordinJ to the Pin iVter the VtrateJy Zill alVo VtiS Xlate the financial PechaniVP.
7heVe ZoXld inclXde the SoVVi ble VoXrceV of fXndinJ Zhile in dicatinJ the Ney inVtitXtionV and VtaNeholderV that ZoXld driYe the iPSlePentation SroceVV VXch aV VettinJ XS of the national $f&)7$ &oPPittee.
+e Vaid it ZoXld fXrther detail the coPPXnication and YiVibil ity Slan inclXdinJ eVtabliVh Pent of an aZareneVV raiVinJ PechaniVP to SroPote Jreater XnderVtandinJ of the aJreePent for the YarioXV VtaNeholderV. 7he VtaNeholderV inclXde the bXVineVV coPPXnity yoXth ZoPen and ciYil Vociety.
ZaV continXoXV reYieZ of the indXVtrial Solicy. +e enYiVaJed that the Solicy Vhall be coPSleted by the end of the financial year. +e ZaV conYinced that the Solicy Vhall iPSact intellectXal SroSerty
SrodXctV
VXch
KEY INSTITUTIONS
060(V and the cooSeratiYe Vec tion. +e Vaid the initiatiYe ZoXld identify the VNillV PiVVinJ oXt froP the indXVtrieV for the eco noPic SerforPance and to attain an XSVZinJ in the econoPy.
MaV
Pachin
B A B A N E +e enYiVaJed that the Solicy Vhall be coPSleted by the end of the financial year. +e ZaV conYinced that the Solicy Vhall iPSact intellectXal SroSerty 060(V and the cooS eratiYe Vection. ,n fXr therance to thiV Joal the PiniVter ZaV conYinced that the initiatiYe ZoXld identify the VNillV PiVV inJ oXt froP the indXV trieV for the econoPic SerforPance and to at tain an XSVZinJ in the econoPy.
.hXPalo e[Slained that the 0iniVtry of &oPPerce ,ndXVtry and 7rade throXJh the (VZatini ,nYeVtPent 3roPotion $Xthority continXed to receiYe inYeVtPent intereVt albeit the obVerYed Xn faYoXrable econoPic conditionV.
7he PiniVter an noXnced that a total of eiJht SroMectV Zere on the SiSeline. ³7he Pin iVtry iV Vhort of fXndV that ZoXld facilitate the eVtabliVhPentV of theVe entitieV in the econ oPy ´ he Vaid.