Conversation with doctor Francis IKOME, Chief of the Regional Integration Section (RIS) in the Regional Integration and Trade Division (RITD)\u00a0 at the \u00a0United Nations Economic Commission for Africa.\u201cOvercoming the Challenges of Regional Trade Integration: What Solutions for Africa?\u201d
\nTuesday, March 7, 2023, from 2:30-3:30 pm (Cameroon time)
\nZoom Online (Register Here)
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Background<\/p>\n
Africa is the only region in the world with the largest number of people living in extreme poverty (World Bank, 2020). This number represents about 60% of the world\u2019s extremely poor, and is expected to reach 90% in 2030, compared to 15% in 1990 (World Bank, 2019). The high concentration of extreme poverty across the continent has become worrisome because it creates numerous and significant disparities between the different countries and limits Africa\u2019s chances of reaching the much hoped-for level of development as well as the economic integration process. Although the Regional Economic Communities (RECs) have been created, this situation persists and economic integration has remained on the sidelines. In an effort to ensure greater effectiveness of the African Union in achieving Agenda 2063 of \u201cthe Africa we want\u201d, African policymakers decided to develop another tool to monitor and measure regional integration that is more transparent and enables to take into account the objectives of the Abuja Treaty, Agenda 2063 and the RECs\u2019 treaties (AUC, 2020). Indeed, after the creation of the African Regional Integration Index (ARII) in 2016, there was concern that it did not comprehensively capture and assess the various aspects of regional integration in Africa due to its minimal dimensions. Therefore, the Africa Union in collaboration with the RECs, the Association of Central Banks and National Statistical Agencies, developed in 2020, the Multidimensional Index of African Regional Integration (AMRII). The AMRII aims to strengthen the assessment of the regional integration process in Africa, which is composed of eight dimensions and 33 indicators and now serves as a basic tool for assessing the integration process in the RECs. According to the 2020 AMRII report, this new index indicates that the average level of progress of the RECs is not in line with the progress required to effectively lead the African integration process and cannot provide opportunities for transformative and inclusive growth. However, for the African Union, the RECs would still have the capacity to effectively participate in the realization of an African Economic Community and achieve the goal of a united, prosperous, peaceful and vocal Africa in the concert of nations.<\/p>\n
Objective of the forum<\/p>\n
The main objective of this\u00a0conversation is\u00a0to discuss strategies to facilitate bilateral and multilateral trade in Africa over the next ten years.\u00a0Specifically, it will be about:<\/p>\n
Discussing on\u00a0ways to accelerate real trade integration in Africa at the sub-regional, regional and continental levels;
\nDiscussing\u00a0on\u00a0strategies to make African countries attractive and competitive in foreign trade within the framework of the AfCFTA;
\nDiscussing\u00a0on\u00a0priority measures to be implemented by African countries to conquer markets with high development potential.<\/p>\n
Outcome of the forum<\/p>\n
Africa\u2019s RECs are enlightened on the role they should play in facilitating the regional economic integration process under the AfCFTA.<\/p>\n
Target audience<\/p>\n
The event targets international trade experts, development partners, policy makers, entrepreneurs, traders, academics, and members of civil society.<\/p>\n
Format event<\/p>\n
The event will be online and will be streamed live on the Foretia Foundation\u2019s social media platforms.<\/p>\n
Contact<\/p>\n
Email: info@foretiafoundation.org \/ Tel: (+237) 654 86 72 54<\/p>\n","protected":false},"excerpt":{"rendered":"
Conversation with doctor Francis IKOME, Chief of the Regional Integration […]<\/p>\n","protected":false},"author":10,"featured_media":12470,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"give_campaign_id":0,"_eb_attr":"","content-type":"","_tribe_events_status":"","_tribe_events_status_reason":"","footnotes":""},"tags":[759,758,760],"tribe_events_cat":[625,169],"class_list":["post-13614","tribe_events","type-tribe_events","status-publish","has-post-thumbnail","hentry","tag-of-regional-trade-integration","tag-overcoming-the-challenges","tag-solutions-for-africa","tribe_events_cat-event","tribe_events_cat-events","cat_event","cat_events"],"acf":[],"yoast_head":"\n