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Shoukry, Ngwenya discuss trade prospects between African countries - Daily News Egypt

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Shoukry, Ngwenya discuss trade prospects between African countries

COMESA summit to be held in Egypt mid- December to launch the Tripartite Free Trade Area


Shoukry, Ngwenya discussed trade prospects between African countries in a Tuesday meeting (Handout from the Foreign Ministry)
Shoukry, Ngwenya discussed trade prospects between African countries in a Tuesday meeting
(Handout from the Foreign Ministry)

 

Minister of Foreign Affairs Sameh Shoukry met with Secretary General of Common Market for Eastern and Southern Africa (COMESA) and Chairperson of COMESA-EAC-SADC Sindiso Ngwenya to discuss ways of strengthening relations between Egypt and COMESA in trade and economics.

During the Tripartite Sectoral Committee of Ministers meeting held in October, it was agreed that the Tripartite Summit of Heads of State and Government will be held in Egypt in mid-December to launch the Tripartite Free Trade Area.

The tripartite is comprised of the 26 member countries of COMESA, the East African Community (EAC), and the Southern African Development Community (SADC).

Foreign ministry spokesman Badr Abdelatty said that the discussions included the agreement about the date the summit will be held and hosted in Egypt. Abdelatty said that it’s expected that the launch of the Free Trade Area will be announced during the summit.

Abdelatty stated that the heads of state and governments of these countries will sign a convention to establish the Free Trade Area which will enhance the cooperation between African countries with regard to strengthening the bilateral trade volume.

The Free Trade Area is the first phase of implementing a developmental regional integration strategy that places a high priority on infrastructure development, industrialisation, and the free movement of businesspersons, according to statement by Ngwenya in October.

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https://www.dailynewsegypt.com/2014/11/04/shoukry-ngwenya-discuss-trade-prospects-african-countries/
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