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AU, TradeMark East Africa join hands to boost intra-African trade

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Logistics Update Africa
AU, TradeMark East Africa join hands to boost intra-African trade

November 30, 2019: The African Union, a continental body consisting of the 55 member states and TradeMark East Africa (TMEA), one of the largest aid-for-trade organisations worldwide, have signed a partnership to boost the implementation of the Africa Continental Free Trade Area (AfCFTA) in selected Southern and Eastern Africa countries.

The agreement was signed by ambassador Albert Muchanga, commissioner for trade and industry, AU; ambassador Erastus Mwencha, TMEA board chair; and Frank Matsaert, CEO, TMEA.

TMEA's operations across eight countries, working with government, private sector and civil society to address high trade costs in Eastern Africa and support export growth, is well-positioned to support the African Union on its vision for an integrated, prosperous and peaceful Africa, driven by its own citizens and representing a dynamic force in the global arena.

The partnership prioritises areas of common interest to both organisations including:

• Collaborate on the development of an Action Plan for the implementation of AfCFTA for selected countries in Southern and Eastern Africa.

• Complement each other's efforts in supporting the implementation of AfCFTA, specifically the Boosting Intra-Africa Trade (BIAT) initiative which focuses on seven clusters - trade policy, trade facilitation, productive capacity, trade-related infrastructure, trade finance, trade information, and factor market integration as drivers for expanding intra-African Trade and agree with a work plan for the implementation.

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Logistics Update Africa
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