The
President of the Pan-African Parliament (PAP), H.E. Hon. Chief Fortune Charumbira has said that PAP has a pivotal
role to play in overseeing the implementation of commitments related to the
African Continental Free Trade Area Agreement (AfCFTA) by Member States through
their national Parliaments.
H.E Hon. Charumbira stated this while
delivering his opening remarks at a two-day Workshop on the sidelines of the
ongoing Second Ordinary Session of the Sixth Parliament of the PAP held on the
African Union Theme for 2023, “Accelerating the African Continental Free Trade
Area (AfCFTA): The Strategic Significance of the Pan-African Parliament.”
The
two-day workshop seeks to unbundle the African Free Trade Area and to define
the role of the PAP in accelerating the effective implementation of this
landmark trade agreement. It also aims to achieve means in which the PAP can
play an active and proactive role for its contribution in the development of
the African continent.
“The
implementation of the AfCFTA is thus not a responsibility of governments
alone,” said H.E. Chief Charumbira.
“We must pull out all the stops to engender self-reliance and self-sufficiency
on the African continent by reducing dependency on the West and enhancing
interdependency among African states. Our rallying cry shall remain, One
Africa, One Voice. The PAP needs to go out to the respective national
Parliaments and to the people to enhance awareness on the AfCFTA and advocate
for its ratification and domestication in national legislation.”
He
emphasized that AfCFTA could deliver far greater benefits in terms of jobs,
growth, and poverty reduction than previously estimated, making it a potential
game changer for Africa’s economic development if its goals are fully realized.
“The
AfCFTA can bring higher-paid, better-quality jobs, with women seeing the
biggest wage gains. Wages would rise by 11.2 percent for women and 9.8 percent
for men by 2035, albeit with regional variations depending on the industries
that expand the most in specific countries. If AfCFTA’s goals are fully
realized, 50 million people could escape extreme poverty by 2035, and real
income could rise by 9 percent. Under deep integration, Africa’s exports to the
rest of the world would go up by 32 percent by 2035, and intra-African exports
would grow by 109 percent, led by manufactured goods,” he added.
The
President of Africa’s continental parliament also indicated that he firmly
believes that the African Union’s timely efforts to accelerate the
implementation of the AfCFTA presents an opportunity for the continent to
refocus on women and youth empowerment initiatives.
“Africa
has the world's youngest population, with over 400 million young people aged 15
to 35 years and over 52% of the continent’s population are women. To galvanize
Africa's accelerated economic growth agenda, women and the youth must be a
prime anchor of the AfCFTA. In that regard, we must include women and the youth
in all facets of the AfCFTA implementation. Our operative mantra as it relates
to women and the youth must always be “Nothing for us without us” he said.
H.E Charumbira stressed that Africa
needs to speed up the implementation of the AFCFTA and foster self-sufficiency
and self-reliance and condemned the unequal treatment of African leaders on the
world stage.
“Let
me applaud our leaders for asserting Africa’s pride and place in global
politics by demanding respect for Africa and African leaders. We commend the
decision by our leaders that, going forward, if there is going to be any
discussion between Africa and any other country, the continent will be
represented by the Troika. This reflects a growing sense of pan Africanist
pride and self-determination among our leaders who are pushing back against
western dominance and demanding greater representation in global affairs.”
“If
we are not treated on an equal footing in meetings, we should never delude
ourselves to think we will be treated on an equal footing in trade. It is high
time, therefore, that Africa leverages on the AFCFTA to boost trade between and
among African countries and do away with this debilitating dependency on the
western world,” he said.
In
his welcome remarks, the Chairperson of the Committee on Trade, Customs and
Immigration Matters, Hon. John Bideri,
stated that the year 2023 is a pivotal year for the AfCFTA, as it not only
means accelerating the necessary infrastructure and putting in place functional
systems, but it also offers the continent an exceptional opportunity to fully
activate the existing policy instruments that envision placing youth at the
centre of the African agenda. He assured the participants that the AfCFTA will lead
to a prosperous Africa.
In
his keynote message, Mr. Mohamed Ali, Director
Trade in Goods and Competition who represented the Secretary General of the
AfCFTA, disclosed that they rely on the PAP’s support and leadership in
steering the processes of the AfCFTA.
“We
are pleased with the role you are playing; we are pleased to inform you that we
are getting positive feedback in the area of implementation of the AfCFTA. We
request that you continue your support and fight for a better Africa” he said.
Speaking
on African Business Leaders views on AfCFTA, the President of the African
Business Council, Dr Amany Asfour,
urged the PAP to empower young people if a better and developed Africa is to be
realized.
“Let
us also put our focus on youths who are in the private sector in our continent.
There is more they can bring on the table for AfCFTA to fruition. Youths are
the majority in our continent; we need to work with them to get economic
liberation,” she said, observing that the ideology of the Business Council is
anchored on private sector strengthening, policy advocacy and product
development.
The
Pan-African Parliamentarians were informed that as the world's largest free
trade area, the African Continental Free Trade Area (AfCFTA) has made
significant progress on its implementation, one of which is the creation of the
African Trade Observatory giving trade information on the continent.
In
a speech on Progress, Opportunities and Challenges in Terms of the
Implementation of the AfCFTA, the Senior Trade Advisor in the AUC Department for
Economic Development, Trade, Industry and Mining, Mr. Brian Mureverwi, observed that the realization of the huge
trade information gap existing on the continent, informed the decision to
create a platform that gives out information free of charge.
"We
went back to the framework when we observed there was inadequate information on
trade. We closely looked at one of the 7 clusters contained herein and
concentrated on the one relating to trade information and realized there was a
huge gap and we needed to fill it by creating the African Trade Observatory
which gives trade information for free. This basically gives a narrative on
what needs to be done," said Mr. Mureverwi.
The
platform provides data pertaining to market sizes, market shares and business
partners in various sectors. Applicable tariffs are also readily available on
the platform. Mr Mureverwi added
that the continent should also move towards promotion of Intra-African
Investment: "It is high time we started looking at investing amongst
ourselves. How do we facilitate investment within our continent because nothing
significant is coming our way from the investors we were used to."
In a related presentation at same platform, the Director Trade in Goods and Competition, AfCFTA Secretariat, Mr Mohamed Ali, commended the PAP for its support in the implementation of the AfCFTA and disclosed that one of the success stories of the AfCFTA is the creation of Pan-African Payment and Settlement System (PAPSS). "We are losing a lot of hard currency while trading amongst ourselves. We are setting up a PAPSS to allow traders to trade in local currencies meaning cheaper access to inputs and access to African products will be much easier” he said.
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