Key Resources
- September 10, 2024
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- July 21, 2024
- May 13, 2024
- May 13, 2024
- May 09, 2024
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- September 10, 2023
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- January 20, 2022
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Promoting Africa’s growth and economic development by championing citizen inclusion and increased cooperation and integration of African states.
Promoting Africa’s growth and economic development by championing citizen inclusion and increased cooperation and integration of African states.
Agenda 2063 is the blueprint and master plan for transforming Africa into the global powerhouse of the future. It is the strategic framework for delivering on Africa’s goal for inclusive and sustainable development and is a concrete manifestation of the pan-African drive for unity, self-determination, freedom, progress and collective prosperity pursued under Pan-Africanism and African Renaissance.
H.E. Mr. Paul Kagame, President of the Republic of Rwanda, was appointed to lead the AU institutional reforms process. He appointed a pan-African committee of experts to review and submit proposals for a system of governance for the AU that would ensure the organisation was better placed to address the challenges facing the continent with the aim of implementing programmes that have the highest impact on Africa’s growth and development so as to deliver on the vision of Agenda 2063.
The AU offers exciting opportunities to get involved in determining continental policies and implementing development programmes that impact the lives of African citizens everywhere. Find out more by visiting the links on right.
THEME: “Acceleration of AfCFTA Implementation”
Introduction:
Agenda 2063 places great importance on the role that trade plays in developing economies and recognises that trade is a powerful engine for economic growth and development. In Africa barriers to trade have resulted in a fragmented regional economy that has overtime, positioned Africa’s role in the global trade market as fundamentally being a raw material (commodities) supplier in exchange for manufactured goods, and rendering the continent’s share in global trade insignificant. The challenges arising from continually fluctuating commodities prices and Africa’s limited value addition to its natural resources renders Africa vulnerable to the external shocks derived from export dependency.
The Agenda 2063 flagship project: African Continental Free Trade Area (AfCFTA) refers to a continental geographic zone where goods and services move among member states of the AU with no restrictions. The AfCFTA aims to boost intra-African trade by providing a comprehensive and mutually beneficial trade agreement among the member states, covering trade in goods and services, investment, intellectual property rights and competition policy. Other continental frameworks include Boosting Intra African Trade (BIAT) ,which aims to deepen Africa’s market integration and significantly increasing the volume of trade that African countries undertake amongst themselves from the current levels of about 10-13% to 25% or more within the next decade, and The Action Plan for the Accelerated Industrial Development of Africa (AIDA), which aims to mobilise both financial and nonfinancial resources and enhance Africa’s industrial performance.
AfCFTA is a high ambition trade agreement, with a comprehensive scope that includes critical areas of Africa’s economy, such as digital trade and investment protection, amongst other areas. By eliminating barriers to trade in Africa, the objective of the AfCFTA is to significantly boost intra-Africa trade, particularly trade in value-added production and trade across all sectors of Africa’s economy.
The AfCFTA is the world’s largest free trade area bringing together the 55 countries of the African Union (AU) and eight (8) Regional Economic Communities (RECs). The overall mandate of the AfCFTA is to create a single continental market with a population of about 1.3 billion people and a combined GDP of approximately US$ 3.4 trillion.
As part of its mandate, the AfCFTA is to eliminate trade barriers and boost intra-Africa trade. In particular, it is to advance trade in value-added production across all service sectors of the African Economy. The AfCFTA will contribute to establishing regional value chains in Africa, enabling investment and job creation. The practical implementation of the AfCFTA has the potential to foster industrialisation, job creation, and investment, thus enhancing the competitiveness of Africa in the medium to long term.
The African Continental Free Trade Area (AfCFTA) Agreement entered into force on 30 May 2019 for the 24 countries that had deposited their instruments of ratification with the African Union Commission (AUC). This date marked 30 days after the 22nd instrument of ratification was deposited, as stipulated in Article 23 of the AfCFTA Agreement. The operational phase of the AfCFTA Agreement was officially launched on 7 July 2019. In line with a Decision and Declaration adopted during the 13th Extraordinary Summit of the Assembly of the Union on 5 December 2020, start of trading under the AfCFTA regime began on 1 January 2021 under an ‘interim arrangement’.
Financial and Economic inclusion for African Women demands collective focus and actions on critical issues such as access to financial resources and services, scaling up the capacities in a dynamic global environment, access to land ownership, property and other productive assets, as well as skills and market information.
To meet these conditions, the AU Commission established, in 2020, the Trust Fund for African Women (TFAW) as the main tool for implementing the Decade for Financial and Economic Inclusion (2020-2030).
With the launch of trading under the African Continental Free Trade Area (AfCFTA) in January 2021 that would leverage women's financial and economic inclusion.
The expectations are high as relates to the expanded business prospects for women-led businesses, which will unlock the potential for African women to grow their businesses from micro to macro enterprises. The Agreement establishing the AfCFTA recognises the need to build and improve the export capacity of both formal and informal service suppliers, with particular attention to micro, small and medium size enterprises in which women and youth actively participate. Furthermore, the AfCFTA Protocols on Trade in Goods, Trade in Services, Investment, Intellectual Property Rights and Competition Policy, provide clear guidelines to ensure emerging enterprises and infant industries are protected thus adding impetus to the Agenda 2063 goals of gender equality, women empowerment and youth development. …
Achievements of AfCFTA to date:
The Call:
Referencing Decisions of the AU as well as other documented pronouncements and actions by the African Union, and in line with the theme of the year, interested parties are hereby called upon to submit for the 2023 Edition of the AU Echo, incisive and evidence based articles on the potential and progress made in the various sectors as well as innovative initiatives that are being undertaken at institutional, country and continental level to promote trade, based on the AU’s decisions. Such articles should be based on the implementation of AU decisions, regarding trade and or its relevance to accelerating human capital and social development.
The following AU decisions, resolutions and policy documents and resources should serve as reference for the articles.
View previous editions of the AU ECHO here
Submission Requirements & Deadline:
About the AU ECHO:
The AU ECHO provides a platform for the 55 Member States of the African Union, and African citizens to profile the successes of Africa, and to impart knowledge and experiences borne from African led initiatives, based on the instruments and decisions of the African Union. It is published on an annual basis by the Directorate of Information and Communication of the AUC with content largely related to the AU’s Theme of the Year.
The AU ECHO is distributed to AU Heads of State and Government, Ministers, senior policy makers’ delegates, and media during the AU Summits and other substantive meetings and conferences as well as to offices of the African Union. Distribution is also made to development partner organisations and Consulates / Embassies in Addis Ababa. Soft copies are posted online on www.au.int.