AU Extraordinary Summits on Industrialization and Free Trade Launched with Morocco’s Participation in Niger.
On Friday, Morocco’s Minister of Industry and Trade, Ryad Mezzour, participated in the opening of the two extraordinary summits of the African Union (AU) on industrialization and free trade.
“Industrialization of Africa: Renewing Commitments to Inclusive and Sustainable Industrialization and Economic Diversification” is the subject of the AU Summit on Industrialization and Economic Diversification.
The purpose of the AU Extraordinary Summits is to demonstrate Africa’s will and reaffirmed commitment to industrialisation as one of the key strategic pillars for accomplishing the continent’s economic growth and development objectives, as outlined in Agenda 2063 and Agenda 2030.
At the conclusion of the summit, a statement will be released, which is anticipated to reaffirm the high level political resolve of African leaders and their commitment to accelerating the industrialization of Africa in tandem with advancements in the implementation of the continental free trade area.
During the 12th Extraordinary Summit of African Heads of State and Government in Niamey in July 2019, the African Continental Free Trade Area was formally founded. Three years later, the Treaty had received 44 ratifications in addition to 54 signatures.