Having come into effect on 1 January 2021, the newly ratified African Continental Free Trade Area agreement (AfCFTA), with its 35 signatories, is a landmark moment toward achieving the vision of a united and strong African economic market, as advocated for by the African Union since the 1960s.
Ratified by the Democratic Republic of Congo (DRC), the deal consists of substantial domestic policy and legislation reforms and promises to increase the country’s production capacity and unlock its commercial potential. It also offers the prospect of generating higher value-added processing opportunities.
The webinar unpacked the AfCFTA in detail with expert guest speakers who outlined the legal and technical fundamentals of the agreement and the main principles guiding its effective implementation in the DRC. We also uncovered the measures that can build regional and continental value chains, in particular in the mining sector, where the DRC holds a competitive advantage.
Key discussion points included:
- How the DRC’s mining sector can benefit from the AfCFTA
- Import/Export policy reforms – what to expect?
- How regional economic communities will be integrated in the continental agreement
- Building the mining value chain with an integrated continental approach
Eric Bruggeman, Chairman, SACEEC, South Africa
Frank Dixon Mugyenyi, AfCFTA Instritutional Support Project Co-ordinater at the African Union, Uganda
Mbahupu Hippy Tjivikua, CEO, Walvis Bay Corridor Group, Namibia
Laura Cornish, Editor-in-Chief, Mining Review Africa, South Africa