Prime Minister Ahmed Ouyahia arrived Tuesday afternoon in Kigali, Rwanda, to represent President of the Republic Abdelaziz Bouteflika at the African Union extraordinary summit, which will be devoted to the official launch of the African Continental Free Trade Area (AfCFTA).
"As far as Nigeria is a net importing country of goods and services, we are not technologically advanced and we have a large population, Nigeria will be a dumping ground for goods and services", he said.
Besides, the government said it believed that the agreement will eliminate barriers against Nigeria's products and provide a Dispute Settlement Mechanism for stopping the hostile and discriminatory treatment directed against Nigerian natural and corporate business persons in other African countries.
Southern California city wants no part of sanctuary state laws
Besides Edgar and Kusumoto, one additional council member must vote in favor of a second reading in order for the proposal to move forward.
They have to work to establish the administrative, legal and logistic structures, emphasized Mushikiwabo at the 18th Meeting of the Executive Council which began in Kigali, Rwanda's capital, as a part of the Extraordinary Summit of AU and AfCTFA. "That is an area that is of great concern to us", Jacob said.
The Summit is expected to consider and conclude issues related to the AfCFTA and adopt the Agreement on the Establishment of the AfCFTA.
Mr Kagame has described the AfCFTA as a "historic pact which has been almost 40 years in the making, and it represents a major advance for African integration and unity". It features a host of measures and institutional frameworks to foster intra-Africa trade through the elimination of tariffs, the harmonisation of customs protocols, and the development of regional supply chains.
11th-seeded Syracuse eliminates Michigan State from NCAA Tournament
Despite a partisan crowd cheering them on in Detroit , the Spartans missed their last 14 shots from the field and lost 55-53. I should say it in Yooper way, but that would probably bother all your networks, so I won't say it the way I want to say it.
But AfCTFA has as a main goal which is the creation of a unique continental market of goods and services with free circulation of investments and enterprises.
The AfCFTA could create an African market of over 1,2 billion people with a GDP of $2,5 trillion, the pan-African bloc said.
The UN Economic Commission for Africa (UNECA) has estimated the agreement's implementation could increase intra-African trade by 52 per cent by 2022, compared with trade levels in 2010. It will also assess and support an African common position project for after 2020 about the African, Caribbean and Pacific Group, which is composed by 79 states from these geographic areas.
Mohamed Salah apologises to Watford goalkeeper after scoring 4 goals
Check out FC Yahoo's reasons for putting Salah and Messi on the same pedestal-and be sure to leave your thoughts below the line. The prolific goalscorer is also on course to break the record of Premier League goals in a season.