30 November 2022 05:36 AM

Trade min.: Sealing 1st commercial deal between Egypt, Ghana under the umbrella of AfCFTA

Friday، 07 October 2022 - 11:56 AM

Trade and Industry Minister Ahmed Samir said that the initiative to implement the first commercial deal (exporting food products from Egypt to Ghana) falls within the framework of the African Continental Free Trade Area (AfCFTA).

This was announced by the minister in his speech during his virtual participation in the 10th ministerial meeting of the AfCFTA, currently in session in the Ghanaian capital, Accra. Assistant Minister for Economic Affairs Ibrahim el-Sajini is leading Egypt's delegation to the meeting.

The heads of state and government of member states gave directives to expedite the implementation of preferential trade agreement within the framework of the AfCFTA, the minister said.

He further noted that the current ministerial meeting is an important step towards the effective and equal implementation of the agreement.

The deal includes the export of food products from Egypt to Ghana, the minister said.

Egypt stressed the importance of organizing meetings between businessmen to discuss export opportunities in new sectors, the minister said.

He added that the Trade and Industry Ministry is working on holding introductory seminars to raise awareness among manufacturers and exporters of the importance of the agreement and the benefit from exporting under its umbrella.

This deal involves a limited number of State Parties, as it includes Egypt, Ghana, Tanzania, Rwanda, Cameroon and Mauritius.

MENA

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