Thu. Jun 30th, 2022

THE Vice-President Dr Philip Mpango has urged African governments to lower trade barriers and enhance infrastructure to benefit from the African Continental Free Trade Area (AfCFTA) opportunities. Dr Mpango further said that AfCFTA offers the continent’s countries a great potential for economic growth and development.

He made the remarks on Tuesday during a special discussion with senior African leaders involving stakeholders and friends of African countries from other countries at the ongoing World Economic Forum in Davos, Switzerland.

“Investing in technology that facilitates trade and financial transactions, as well as forming relationships with the private sector, international organizations and other governments is critical in increasing industrial productivity,” he said.

Tanzania, according to Dr Mpango, is continuing to ensure that the public is aware of the AfCFTA’s opportunities, as well as strengthening the investment sector by forming partnerships with various stakeholders both within and outside Africa, to do business more efficiently in the area.

Dr Mpango also took part in a debate on economic recovery and initiatives that may be taken to restore peace and harmony around the globe, where international leaders debated how to work together to address political issues that lead to war and conflict.

In addition, the vice-president said it is important when the world is facing challenges such as war not to forget other challenges including food insecurity as well as to ensure Africa is involved in making various world decisions.