The volume of the intra-trade between the African counties will reach 30-40 percent after The African Continental Free Trade Area goes into effect, Sherif El-Gabaly, head of the African Cooperation Committee at the Federation of Egyptian Industries expected.<\/p>\n
The current volume of the African intra-trade is at 15 percent which is considered to be very low, he added during El-Gabaly meeting with Guinean foreign minister.<\/p>\n
He added that there is Egyptian keenness to activate the free trade agreement for the African continent, and achieve a maximum possible benefit from the agreement in terms of export indicators to the continent\u2019s markets.<\/p>\n
The number of African countries whose parliaments have ratified the agreement so far is no more than 37 countries, he noted<\/p>\n
He also explained that the Egyptian-Guinean relations are strong and historical, and the volume of trade exchange is $ 8 million, which is considered to be very small and not up to the huge potentials and expectations<\/p>\n","protected":false},"excerpt":{"rendered":"
The volume of the intra-trade between the African counties will reach 30-40 percent after The African Continental Free Trade Area goes into effect, Sherif El-Gabaly, head of the African Cooperation Committee at the Federation of Egyptian Industries expected.<\/p>\n","protected":false},"author":4,"featured_media":319779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[27],"tags":[155],"class_list":["post-321531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-export","tag-african-continental-free-trade-area"],"yoast_head":"\n