Driven by its strategic theme of ‘Recent Trends in South-South trade and Investment flows’, G-NEXID held with the support of the United Nations Conference on Trade and Development (UNCTAD) a webinar on ‘The AfCFTA and South-South Trade’ on 9 December 2020.
As Africa embarks with the kick-off of the ambitious agreement establishing the African Continental Free Trade Area (AfCFTA) on 1st January 2021, this timely webinar offered the opportunity to consider the broader landscape from the negotiation phase to implementation and addressed key accompanying measures and policies for a successful regional integration.
Motivated by economies of scale due to regional integration dynamics of the AfCFTA, opportunities for South-South trade are key in the framework for the broader successful integration of Africa in the global economy. In this context, provisions of rules of origin are considered a key component of African integration efforts.
The webinar benefited from the contribution of the African Union Commission (AUC), the ECOWAS Bank for Investment and Development (EBID), the Export-Import Bank of India (India Exim Bank), Indonesia Eximbank (IEB) and the United Nations Economic Commission for Africa (UNECA).