As our continent stands on the brink of transformative economic integration, it’s vital that we unite efforts to enhance infrastructure, reduce logistics costs, and improve the overall business climate across Africa. Egypt has taken a significant lead in this mission, having achieved a notable $14 billion in trade with the Common Market for Eastern and Southern Africa (COMESA) countries in 2023. This milestone sets the stage for even greater achievements, driven by a commitment to removing trade barriers that have long stifled intra-regional commerce.
The recent enactment of the Tripartite Free Trade Area Agreement is a cornerstone in our journey towards a more cohesive African market. This agreement seeks to harmonize efforts with the Southern African Development Community (SADC) and the East African Community (EAC), aligning with the larger vision of the African Continental Free Trade Area Agreement (AfCFTA). By doing so, we are not just facilitating trade but also paving the way for innovations that can significantly uplift our economies.
Egypt’s leadership during its tenure as COMESA chair exemplifies the power of collaboration. The country’s initiatives in integrating sectors like industry, health, and tourism demonstrate the potential of shared knowledge and expertise. As we move forward, Egypt offers its capabilities in energy, transport, and water management to further our collective goals.
As citizens of this vibrant continent, our role is crucial. By supporting these collaborative efforts, we can help ensure that the investments and policies not only enhance infrastructure but also create a more favorable business environment. This, in turn, will lead to lower logistics costs and greater access to goods and services for millions of Africans.
Together, by embracing unity and cooperation, we can transform Africa into a hub of economic prosperity and innovation, fulfilling the vision of the African Union’s Agenda 2063. Let us work together to build a future where Africa stands strong and interconnected, ready to seize the opportunities of tomorrow.
