The Egyptian-African Businessmen’s Association headed by Dr. Yousrey Elsharkawi Organized African Continental Free Trade Area Conference, Today 23Jan To educate small and micro business owners interested in the African continent; To understand the opportunities offered by the African Continental Free Trade Area.
ElSharkawi emphasized during his speech, that the African Continental Free Trade Organization, It has a major role in settling small and micro businesses on the continent. As well as the mining and energy industries through partnerships between countries and some of them. Benefiting from the cumulative experiences of countries that have made rapid leaps in the mining industry, especially Egypt, And take advantage of the raw mining materials that are abundant in the brown continent.
Elsharkawi called, To the necessity of holding an African Conference on Small and Micro Enterprises, As there are many countries in the brown continent that have great advantages, youthful energy and huge productivity, There are countries that have technological and industrial expertise in various fields. Through the work of African partnerships, the African economy can be developed and strengthened; To be able to be in the ranks of developed countries.
He pointed out that these partnerships will increase job opportunities for the people of the Black Continent. It earns a large income from the exploitation of raw materials and their transformation into products that benefit African countries. One of the import methylation products, And open the door to export these products to countries of the world.
He commended the idea of establishing a regional office in the African Trade Organization to facilitate the procedures, deposit, and registration of all intellectual property rights of the member states of the organization, Demanding that the African Continental Trade Organization take the lead in preparing for the African Mining Conference.
ElSharkawi said in a speech before the virtual symposium on the African Free Trade Area, The continent is preparing to achieve comprehensive and sustainable development, Adding to the necessity of establishing a single continental market, He explained that this market will be an important element to provide the ability to practice trade on the African continent. recovering from the negative effects of the Corona pandemic, Orientation towards providing new opportunities.
It is worth noting that the African Free Trade Area aims to gather 1.3 billion people in an economic bloc with an economy size of 3.4 trillion dollars. Together, it will serve as the largest free trade area since the establishment of the World Trade Organization.
The African Free Trade Area seeks to establish a single market for African goods and services, Allowing the movement of investments, goods, and services between African countries.