TRADE & INVESTMENT
TRADE & INVESTMENT rubber, iron and steel, machinery, vehicle parts and accessories. He says it is important that the M&E sector takes advantage of AfCFTA through the adoption of an intensive, market-intelligence approach to identifying market opportunities across the continent. The fact that Africa still lags in terms of infrastructural development means that the trade agreement will open more doors for African-made products, thus limiting competition from other destinations. Mhango notes that AfCFTA would be the largest trade agreement as it promised to create a continental trade bloc of 1.3-billion people, with a combined GDP of .4-trillion. Key to the success of AfCFTA is the development of Africa’s industrial capacity to meet the new growing demand for its goods and services. _____ __ ___ __ _ _ _ _ _ _ _ __ Key to the success of AfCFTA is the development of Africa’s industrial capacity to meet the new growing demand for its goods and services ___ __ ___ __ _ _ _ _ _ _ _ _ _ “This AfCFTA agreement thus offers tremendous economic growth potential for the continent at large and is likely to drive intra-African trade, promote further industrialisation and contribute to job creation and regional value chain identification,” Mhango concludes. 26 | www.opportunityonline.co.za
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