The Executive Chairman/CEO, BUA Group, Abdul Samad Rabiu has expressed excitement and readiness to work towards the implementation and success of the Africa Continental Free Trade Area agreement which when fully operational, will transform the African economy and enhance development across the continent.
Abdul Samad Rabiu expressed this while receiving the Secretary General of the AfCFTA, Wamkele Mene and the Acting Director, National Office of Trade Negotiations, Victor Offiong at the BUA headquarters in Lagos State.
Rabiu spoke about the current status of regional agreements from the ECOWAS Trade Liberalization Scheme (ETLS) to the East African Community (EAC) Customs union, dumping, proliferation of small arms and illicit, smuggling, the trans-African highway and Private sector/African Union/government partnerships noting that these areas were critical to the success of the AfCFTA.
He specifically said due to the poor implementation of regional trade agreements, there is a high level of distrust amongst Africa nations despite their support for AfCFTA. He expressed serious concern over “a situation where people cannot move goods produced in African countries where over 90% value has been added to other African Countries”.