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The E15 at the World Economic Forum Regional Summit in Africa 2016

11 May 2016
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Intra-African trade currently stands at 12 percent of total trade, compared to 60 percent for Europe and 30 percent for ASEAN (WTO statistics).

 

Enhancing intra-African trade – such as through a large continent-wide trade deal – and deepening market integration can contribute significantly to sustainable economic growth, employment generation, poverty reduction, inflow of foreign direct investment, industrial development, and better integration of the continent into the global economy. On top of advancement through WTO, Africa needs advancement of its regional integration and its rules, with the rest of the world remaining open towards Africa. On 11-13 May, recommendations put forth by the E15 will be featured at the World Economic Forum Regional Summit on Africa in Kigali, Rwanda. The World Economic Forum will organise a session on “African Integration: Reshaping Trade and Investment Value Chains,” building on various policy options generated under the E15Initiative, in particular those produced by the E15 Expert Group on Global Value Chains, E15 Expert Group on Regional Trade Agreements and Plurilateral Approaches, and the E15 Task Force on Investment Policy. This event is private and attendance is by invitation only. There will also be a public session, “Realizing Africa as One Market,” organised by the World Economic Forum in partnership with CCTV, which will explore how African leaders can develop sustainable long-term partnerships and trade relations within the African Union, with reference to the E15 policy options. Read More

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The Pan African Chamber of Commerce and Industry was established in 2009 by 35 founding national business chambers to influence government policy and create a better operating environment for business.

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