Your SEO optimized title

Eritrea gives reasons for not signing the AfCFTA pact

0

Eritrea has given reasons why it is yet to sign the Africa Continental Free Trade Area, AfCFTA. Eritrea is the only country on the continent that has not signed the agreement.

The information minister, Yemane Meskel said that the decision is in line with their policy of regional integration over continental.

“In terms of the academic discourse on ACFTA, Eritrea’s long-held stance is crystal-clear. First articulated at the 1994 OAU Summit, GOE’s pragmatic position transcends abstract platitudes to focus on incremental / achievable results; i.e nurturing first the building blocs or RECs,” the minister tweeted.

In May 2019, the agreement achieved a major milestone when it got twenty two signatories, a requirement for maturity of the pact.

West African countries Nigeria and Benin were the 53 and 54th nations to sign the agreement in June last year.

The African Union head of Trade Albert Muchanga in July 2019 tweeted: “Officially confirmed! Benin to Sign AfCFTA Agreement during Niamey Extraordinary Summit & become 54th signatory State. Good development!

“One more signatory state before all 55 African Union Member States are signatories. One African Market in formation,” he said in a tweet. The one more signatory was and still remains Eritrea.

Share.

Leave A Reply