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PAN AFRICAN VISIONS > Blog > Africa > Algeria > Deepening African Economic Integration in the Era of De-Globalization
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Deepening African Economic Integration in the Era of De-Globalization

Last updated: July 13, 2022 3:06 pm
Pan African Visions
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Africa is redoubling efforts to deepen African Economic Integration;
Africa Integration Day 2022

By THANDISIZWE MGUDLWA,CAPE TOWN, South Africa.



The operationalization of the African Continental Free Trade Area
(AfCFTA), one of the flagship projects of Agenda 2063, represents an
opportunity in Africa’s journey towards the operationalization of an
integrated market, that will eventually culminate in the formation of
an African Economic Community, as espoused in the Treaty Establishing
the African Economic Community (Abuja Treaty) which was adopted on
June 3, 1991 and entered into force on May 12, 1994, states the
African Union.

Moreover, the accelerated full implementation of the AfCFTA, is
expected to promote economic dynamism among African Union Member
States.

The large economic block coupled with the promotion of regional value
chains, is expected to quicken Africa’s value addition to exports and
industrialization process.

The African Union Commission’s Department of Economic Development,
Trade, Tourism, Industry, and Minerals and the Member States, Regional
Economic Communities (RECs), Pan-African Private Sector, Civil
Society, Academia, Research Institutions, Women and Youths celebrated
the 3rd edition of the Africa Integration Day under the theme
“Deepening African Economic Integration in the Era of
De-Globalization” on July 7, 2022, Lusaka, Zambia.

The overall objective of the commemoration of the 2022 African
Integration Day and Forum was for African governments, private sector,
civil society, RECs and AU partners to deliberate on how to utilize
regional and continental integration processes and initiatives to
foster accelerated Africa’s economic integration in its recovery in
the post-COVID era.

Speaking on behalf of the Chairperson of the AU Commission, Moussa
Faki Mahamat, Dr. Monique Nsanzabaganwa, the Deputy Chairperson of the
African Union Commission emphasized that Integration is the very
essence of the existence of the African Union and it is the founding
component of the Organization of Africa in the early 1960s.

She highlighted some of the progress that had been achieved by the AU
member states in accelerating the integration despite the global
uncertainties and insecurities caused by the ravages of the COVID-19,
and the Russia-Ukrainian conflict respectively.

Dr. Nsanzabaganwa called upon all African Governments, the private
sector and civil society organizations to redouble their efforts to
give concrete meaning to trade and economic integration in Africa, so
that ordinary Africans, across the continent, including in the most
remote regions, could derive significant benefits.

Amb. Albert Muchanga, Commissioner for Economic Development, Trade,
Tourism, Industry and Minerals welcoming participants to the
celebration of the third edition of the Africa Integration day,
mentioned few of several factors that confront the continent. “The
future of Africa in this new global environment lies in deeper
economic integration, continent-wide.  We are stronger working
together; and, more resilient. We are weaker; and more vulnerable
working as individual countries,” he said.

Amb. Muchanga encouraged African citizens; cross-border traders;
schools; colleges; universities; organized labour; and, the media,
among several stakeholders to be actively involved in the African
economic integration agenda.

“The private sector is advocating for the enabling environment for
realizing our African Integration and increasing our Intra Africa
Trade. We need to have policies for a special percentage of at least
40 percent of the Government Procurement to be allocated for our
African businesses, including SMEs, Women and Youth Owned Businesses,”
said Dr. Amany Asfour, President of the Africa Business Council. She
added that, “In order to increase our Intra Africa Trade, we have to
invest in our own resources for industrialization and Value addition,
and invest in building Capacity of our human resources, including
Women and Youth.”

Speaking about the importance of Tripartite Free Trade Area (TFTA),
Patson Malisa, Deputy Presiding Officer of the AU’s Economic, Social
and Cultural Council (ECOSOCC) commented, “the Tripartite FTA remains
a relevant building bloc to continental integration, and the AfCFTA in
particular.” He further added that, “the TFTA RECs Secretariats need
to be strengthened (through Technical Assistance and Financial
Support) in order to enhance their readiness and accrued advantage to
participate in AfCFTA.”

Senior officials from the AU member states, AU specialized
institutions, RECs, institutions from the UN system and other
development cooperating partners, African financial institutions, the
private sector, academia, youth, women, civil society and diaspora
also attended the event.

Since 2019, the African Union Heads of State and Government designated
 July 7 of each year as “the African Integration Day” to celebrate
major achievements attained in regional and continental integration
process, and also, to deliberate on critical lessons learned, with a
view of addressing challenges being faced.

Africa’s integration Agenda is enshrined in the Abuja Treaty (1991),
and has an overarching goal of achieving an African Economic Community
at continental level, in six successive stages, which include the
strengthening of sectoral cooperation and the creation of regional
free trade areas, establishment of a Continental Customs Union, Common
Market, Monetary Union, and eventually African Economic Community.

The consolidation of the African economic integration will hinge upon
the AfCFTA, Protocol on the Free Movement of People, Right of
Residence and Right of Establishment, coupled with industrialisation,
infrastructural development and social integration.

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