SSA is today the second fastest growing region in the world. We should all agree that Africa’s greatest opportunity lies in trading with itself if we are to shape our own future.Currently, only about 12% of Africa’s trade is intra-regional.
The Tripartite Free Trade Area (TFTA) includes the 26 countries that are members of the Common Market for Eastern and Southern Africa (COMESA), East African Community (EAC), and Southern African Community (SADC). The TFTA covers a population of 632 million and a combined GDP of $1.3 trillion. The area spans 17.3 million square kilometers, which is nearly twice the size of China or the United States.
What does this opportunity mean SMEs? What is the future of trade in the next 10 years in Africa?
|Mr. Nic Nesbitt
|Dr. Chris Kiptoo
PS International Trade
|Ms Wangechi Muriuki
CEO,Invest in Africa(IIA)
Chairman ,Kenya Association of Manufacturer