ZAMBIA EXPECTED TO RATIFY THE ACFTA IN AUGUST THIS YEAR

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ZAMBIA EXPECTED TO RATIFY THE ACFTA IN AUGUST THIS YEAR

CYM

 

By Mwenya Mofya

 

Commerce Trade and Industry Minister Christopher Yaluma has disclosed to 5fm news that Zambia is expected to ratify the Africa Continental Free Trade Area in August this year.

 

The African Continental Free Trade Area which was signed in March 2018 by 44 countries has the potential to be the world’s biggest free trade agreement which aims to create a single continental market of goods and services, with free movement of business persons and investments.

 

Yaluma explains that wide consultations on the free trade area have so far been conducted in some parts of Lusaka and Copperbelt.

 

Meanwhile, the minister insists that the Continental Free Trade Area will not only benefit big firms but will instead focus on small and medium enterprises. 

 

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