INDUSTRIALIZATION
industrialisation

The UN Economic Commission for Africa (UNECA) on Tuesday urged concerted efforts towards Africa’s industrialization through the imminent African Continental Free Trade Area (AfCFTA) Agreement.

The ECA made the call in line with an ongoing meeting from June 11 to 13 that aimed to strengthen intra-UN collaboration through the Sub-Regional Coordination Mechanisms (SRCMs) for eastern and southern Africa, the ECA said in a statement issued on Tuesday.

The ECA underscored the need to “promote better understanding, increased knowledge and collaboration between the UN system and the regional economic communities and intergovernmental organizations on the issue of industrialization, trade and the AfCFTA.”

Identifying key areas of existing and proposed works of UN agencies in different aspects of industrialization and the AfCFTA, and promoting increased collaboration in support of the regional economic communities and intergovernmental organizations is also said to be another positive imperative to spur industrialization in Africa.

The ECA also called for providing a platform for the regional economic communities and intergovernmental organizations “to articulate their key priority areas on the issue of industrialization, trade and the AfCFTA and how they seek to promote regional interests in the implementation of the AfCFTA.”

The ongoing Intra-UN meeting is being held in Livingstone, Zambia from June 11 to 13 under the theme “Promoting Industrialization through the African Continental Free Trade Area (AfCFTA): The Role of Regional Economic Communities (RECs) and Intergovernmental Organizations (IGOs) in Eastern and Southern Africa,” it was noted.

Established in November 2010, as a subsidiary of the Regional Coordination Mechanism (RCM), the SRCM is a framework for the UN system-wide support to the African Union (AU), the New Partnership for Africa’s Development (NEPAD) program, regional economic communities as well as intergovernmental organizations, it was noted. Enditem

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.