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Thursday, 08 December 2011

EPAs and the African Regional Integration

Erastus Jarnalese Onkundi Mwencha, the Deputy Chairperson of the African Union (AU) Commission, has his reservations about the benefits of the Economic Partnership Agreement (EPAs). He says to be concerned about the African regional integration and states: “I don’t think EPA is a priority for Africa”.

Onkundi Mwencha, keen on supporting regional integration, believes that this latter will develop larger markets and boost greater competition. Highlighting the lack of trade among African countries, the Deputy Director of the AU, claims that structures of African economies “have been intended to produce raw materials” and therefore they “export these raw materials”.

Strongly suggesting to foster African competitiveness, Onkundi Mwencha, calls for a change of mentality  and stresses the need to look at infrastructure or quality of the products.  Only an average of 10-12% of African trade has been with African nations.

 

Source: Ghana Business News