Opinion| UNIDO Egypt fosters manufacturing sector recovery in a changing economy    Opinion| Consequences of US withdrawal from Middle East    Cairo joins in 'Orange the World' campaign raising awareness on gender-based violence    EU, Egypt partner in supporting gender-targeted programmes: Ambassador Berger    Luiza Formenius launches new single 'I'll Be Home For Christmas'    Korean Ambassador urges need to enhance space cooperation with Egypt    Export-Import Bank of Korea delegation visits Cairo to chart Roadmap for future cooperation    Egypt renews call for nuclear weapon-free zone in Middle East    Wegz is most streamed artist in Egypt during 2021 for second consecutive year: Spotify    Orange Egypt Continues its Sponsorship for iRead Awards Ceremony    Egypt participates in 8th Forum on China-Africa Cooperation    Egypt, Qatar discuss cooperation in sports infrastructure    Poor sleep habits are associated with deficient control of blood sugar after meals    Prominent Egyptian anchor calls on UK to designate "Muslim Brotherhood" a Terrorist entity    Egypt, Israel sign deal sign MoU to increase gas supplies, hydrogen transport    Egypt's stocks end week in green as benchmark EWX 30 surges 0.69%    Mortada Mansour sets road map for Zamalek, after normalization committee depart    I seek to secure stable financial sources to build strong judo team: Motei Fakhr El-Din    Orascom Construction joins consortium to develop Egypt's first green hydrogen production facility    98 potential candidates run for Libyan presidency    'Lake Victoria – Mediterranean' navigation corridor awaits feasibility studies, funds: official    Egypt's trade with Nile basin countries climbs 26% y-o-y in 9 months    Egypt selected to host COP27 international climate conference in 2022    Number of British tourists to Egypt seen hitting 500,000 this winter – envoy    The unvaccinated prohibited from entry to Egypt state institutions starting December 1    Egypt, Greece ink deal for first subsea power link between Europe and Africa    SCOHRE sparks discussion on harm reduction, tobacco control    Egypt to receive first of six high-trains from Spain's Talgo in mid-November    Egypt's iron and steel exports jump 197% in 8 months    Ethiopia halts work at its embassy in Egypt for 'economic reasons'    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    Brazil calls up 8 EPL players for World Cup qualifying    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Sisi calls on House, Senate to commence second legislative sessions on 3, 5 October    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    Qa'a play showing at Lycee El Horreya Theatre, Alexandria is a must go    APO Group enters new exclusive agreement with Getty Images on African press releases and images    On International Museum Day, Egypt opens two new museums at Cairo Airport    Old Cairo's Al-Fustat will be revamped on Egyptian President's directives    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Tripartite agreement prepares for African economic power by 2063: Al-Sisi
Maritime line project is being studied, linking Victoria Lake and Mediterranean easing trade movement inside Africa, says Al-Sisi
Published in Daily News Egypt on 10 - 06 - 2015


By Shaimaa Elise and Nehal Mounir
Egypt is proud of Africa and signing the Tripartite Constituent Agreement is due to boost trade and remove tariff and non-tariff barriers, according to President Abdel Fattah Al-Sisi.
Al-Sisi added during his speech on Wednesday at the African Blocs Conference in Sharm El-Sheikh that this event is an important point for the economic integration of the establishment of a Free Trade Area (FTA).
Al-Sisi noted that the FTA extends from Alexandria on the Mediterranean Coast to Cape Town, and the tripartite agreement is a major step to increasing Africa's effective economic power by 2063. This will start with the establishment of the FTA which will commence in 2017, in addition to linking Africa in the transport, energy and information technology fields.
The political will requires work to strengthen economic and regional integration by adopting national policies that aim to increase the added value of goods, Al-Sisi added, which reflect positively to attract more investment.
Al-Sisi praised the recent COMESA and SADAK summit, which focused on the importance of infrastructural development and highlighted Egypt's support of African Union initiatives to develop Africa's infrastructure.
Al-Sisi stressed these efforts aim at achieving cooperation between African countries and the resolution of the deterioration in transport, communications, water resources and energy.
"The Qustul Ashkit road between Egypt and Sudan, which was opened last month, in addition to the land road extending from Cairo to Cape Town is almost finished and will help in solving transport problems," Al-Sisi added. "We provided a proposal of the maritime line between Victoria Lake and the Mediterranean to ease the trade movement inside Africa."
President Al-Sisi said Egypt will spare no effort in supporting African countries, saying "our destiny is one", and what benefit is achieved is for the benefit of the whole continent.
Al-Sisi stressed that Egypt is ready to offer its expertise to serve Africa, and experts will be provided in technical fields through the Egyptian Agency of Partnership for Development to build African manpower to eliminate unemployment.
He emphasised the role of African woman in ensuring the achievement of the desired transformation, and the need to enhance their role in eradicating poverty and helping in development.
On his part, the Common Market for Eastern and Southern Africa (COMESA) Secretary General Sindiso Ngwenya demanded the establishment of an FTA, alongside overcoming the obstacles related to visas for investors in some African countries.
Ngwenya added that businessmen suffered difficulty in accessing countries such as Kenya and Rwanda, saying that business owners require interventions of governments to facilitate the entry of goods.


Clic here to read the story from its source.