Free trade area benefits are enormous -Kagame

President Paul Kagame said this as at Kigali Convention Centre while attending the General Assembly of African Union Broadcasting (AUC) that has been underway since Monday, March 12, 2018.

He illustrated the chances of Africa setting new milestones and changes relayed in the adoption of the Continental Free Trade Area.

“If Africans find ways of dealing with the fear of the Continental Free Trade Area; when adopted, it will be the best thing to ever happen to our continent. The benefits will be enormous. Broadcasters need to be out there explaining this to our citizens.”, he said

The Continental Free Trade Area (CFTA) was adopted during the 30th African Union Summit that was held in Kigali.

It will bring together the Africa’s fragmented three main organisations;the Common Market for Eastern and Southern African countries (COMESA), the East African Community (EAC) and the Southern African Development Community (SADC).

It is a combined market of over 1.2 billion people, the largest in the world but which, unfortunately has not transformed into intra-African trade as is the case of the European which is half of the market.

A free trade area that encompasses the whole continent will be a great turnabout in an area that has a combined GDP of over $3 billion that is lying to waste.

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