Bankers urged to remove tariff barriers to open up new market opportunities
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2013-09Author(s)/Corporate Author (s)
United Nations. Economic Commission for Africa.;Metadata
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At the PTA Bank’s 29 th Annual General Meeting in Addis Ababa, the Deputy Executive Secretary of the Economic Commission for Africa, Abdalla Hamdok said the share of intra-African trade “could more than double within the next 10 years if the Continental Free Trade Area is implemented by 2017, along with improvement of customs procedures, port handling and inland transport.” Speaking at a roundtable on priorities and interventions to accelerate intra-regional trade and infrastructure in the Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC), and the Southern Africa Development Community (SADC), Mr. Hamdok said that combined, the 26 countries that comprise this Tripartite area have a population of 527 million and a Gross Domestic Product (GDP) of USD 624 billion. “By pooling their resources and exploiting their comparative advantages, African countries can devise common solutions and use resources more efficiently to achieve better outcomes,” said the Deputy Executive Secretary.
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“United Nations. Economic Commission for Africa. (2013-09). Bankers urged to remove tariff barriers to open up new market opportunities. Addis Ababa:. © UN. ECA,. https://hdl.handle.net/10855/31979”Collections
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