Cooperation in the African Continental Free Trade Area analyzed in Luanda

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Cooperation in the African Continental Free Trade Area analyzed in Luanda
Cooperation in the African Continental Free Trade Area analyzed in Luanda

Africa-Press – Angola. The best ways to strengthen cooperation between the Angolan Government and the secretariat of the African Continental Free Trade Area (AFTA) dominated, this Friday, in Luanda, the meeting between the Minister of Foreign Affairs, Téte António, and the Secretary- general of that specialist body of the African Union, Wamkele Mene.

In the end, Minister Téte António said that it was a productive meeting, as it allowed the parties to exchange ideas concerning, above all, the improvement of the system of commercial transactions via money, which, according to him, still entails some constraints.

The idea of ​​the need to improve the transactional system was also supported by Wamkele Mene, who informed that the concrete ideas for reversing the current situation were already well in place and very advanced.

The secretary general of the largest trading platform on the continent, the birthplace of humanity, said that it is, in fact, the absence of a single currency, which means that states and economic agents have to undertake enormous financial “engineering” to be able to transact their products.

The African Continental Free Trade Area (AFTA) was launched on 17 July 2018 during an Extraordinary Summit of African Union Heads of State and Government held in Kigali, Republic of Rwanda.

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