Eritrea defends decision to sit out Africa free trade pact

August 8, 2020 Vanguardngr 0 Comments

Eritrea on Tuesday explained why it has not signed up for the African Continental Free Trade Area, AfCFTA. The Horn of Africa nation remains the only country yet to sign the agreement let alone deposit instruments of ratification as of July 2020. According to Information Minister, the country’s posture is ingrained in the government of Eritrea, GOE’s historic stance in advocating regional integration over such continental aspirations.

“In terms of the academic discourse on ACFTA, Eritrea’s long-held stance is crystal-clear. First articulated at the 1994 OAU Summit, GOE’s pragmatic position transcends abstract platitudes to focus on incremental/achievable results; i.e nurturing first the building blocs or RECs,” Yemane Meskel posted in Twitter. Read More…

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