The African Continental Free Trade Area (AfCFTA) Secretariat has signed a Memorandum of Understanding (MoU) with TradeMark East Africa (TMEA).
The MoU aims to promote cooperation and collaboration between the two organizations in their common goal of supporting trade in Africa. It was signed in Lomé, Togo, by His Excellency Wamkele Mene, Secretary-General of the AfCFTA, and Frank Matsaert, CEO at TMEA.
The AfCFTA and TMEA are united in their shared goal of increasing prosperity in Africa through the liberalization of trade on the continent. This MoU represents the next step for the two organizations as they work to increase the ease and standards of trade across Africa and support engagement with the continent’s private sector on trade and economic development issues.
The Agreement will also allow the two organizations to share costs and support each other in logistical challenges as they seek to implement programs to develop trade across Africa.
His Excellency Wamkele Mene, Secretary-General of the AfCFTA said, “The MoU will further allow the AfCFTA Secretariat working with partners including TMEA to facilitate State Parties to carry out the necessary reforms needed to fully implement the AfCFTA, unlocking the continent’s trade potential and increasing market integration. This will, in turn, translate into much needed jobs in the economies of the State Parties.”
On his part, Frank Matsaert, CEO of TMEA said, “We thank the AfCFTA Secretariat for the strong partnership forged today and we look forward to jointly generating impact for trade and prosperity across the Continent for millions of Africans.”