PANDEMIC, SECURITY THREAT TO AfCTA, BUSINESS LIFE, SAYS ECOWAS | AfriTV Online

The Parliament of the Economic Community of West African States (ECOWAS) ON Tuesday said that the COVID-19 pandemic and insecurity are threats to the African Continental Free Trade Area (AfCFTA) in West Africa.   The Parliament reasoned that despite th...

pandemic, security, threat, business, life, ecowas

PANDEMIC, SECURITY THREAT TO AfCTA, BUSINESS LIFE, SAYS ECOWAS

Published by: A. Odean
11/03/2020 09:36 PM

The Parliament of the Economic Community of West African States (ECOWAS) ON Tuesday said that the COVID-19 pandemic and insecurity are threats to the African Continental Free Trade Area (AfCFTA) in West Africa.

 

The Parliament reasoned that despite the gains of free trade, these threats can stall progress and create stumbling blocks to investments that in turn will affect commerce and employment in the region. It also said terrorism and insecurity increase uncertainty and raise the cost of goods and services.

 

The ECOWAS Parliament are converging in Cotonou for a meeting of the Bureau of the Parliament and a Delocalized meeting of the Joint Committees on Administration, Finance and Budget; Macroeconomic Policies and Economic Research; Public Accounts; Trade, Customs and Free Movement.

 

The Bureau is to consider and adopt the draft budget of the Parliament for the 2021 fiscal year. The meeting is scheduled to run from November 2 to 6, 2020 while the Delocalized Meeting of the Joint Committee meet under the theme African Continental Free Trade Area, How Feasible in the face of Cross-Border Threats will run from November 3 to 7, 2020.

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