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El-Khatib: AfCFTA forum boosts Africa’s trade integration, industrial growth

Businessmen Team news 12 December 2025 01:51 PM
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El-Khatib: AfCFTA forum boosts Africa’s trade integration, industrial growth

Hassan El-Khatib, Minister of Investment and Foreign Trade, participated in the African Continental Free Trade Area (AfCFTA) Business Forum held in Marrakesh, Morocco. The event was attended by Wamkele Mene, Secretary-General of the AfCFTA, as well as several trade ministers from African countries.

In his address, El-Khatib outlined Egypt’s vision and priorities for the next phase to strengthen economic integration across the continent, emphasizing the importance of the forum in supporting continental efforts to implement the agreement on the ground.

He highlighted that Africa has faced significant economic and developmental challenges in recent years, but these challenges have also revealed broad opportunities for growth. He stressed that seizing these opportunities requires moving from the negotiation phase to actual implementation of the agreement, resulting in tangible outcomes in trade, production, and job creation within the continent.

El-Khatib noted that the 17th meeting of the Council of Trade Ministers, hosted in Cairo, represented a pivotal step. The meeting reaffirmed two fundamental principles: ensuring that no African country is left behind and achieving integration in a way that balances the capacities of both more developed and less developed nations.

He explained that the meeting achieved significant technical progress, including important breakthroughs in rules of origin for the textiles and apparel sector and the automotive sector, which are key drivers for building competitive regional value chains. He also highlighted the completion of the intellectual property rights annex, a crucial step toward a modern regulatory framework that supports innovation and strengthens the business environment across the continent.

The minister pointed out that the supplementary ministerial meeting held on October 20, 2025, contributed to accelerating the agreement’s implementation. Additional pathways were completed, and practical measures were introduced to support the full operationalization of tariff schedules, facilitating the movement of goods within the continent and enhancing economic integration in line with Agenda 2063 objectives.

El-Khatib emphasized that the AfCFTA represents a massive economic framework encompassing over 1.4 billion people and a combined GDP exceeding $3.4 trillion. He stressed that the true value of this framework is realized when these capacities translate into tangible results in production, trade, and investment.

He underlined the importance of pursuing priority measures, starting with strengthening African supply chains through the gradual liberalization of tariffs. This approach supports productive linkages between African countries and enhances the presence of African products in continental markets.

El-Khatib also highlighted the crucial role of the private sector, noting its ability to translate the agreement’s commitments into investments, industrial projects, services, and new job opportunities. He emphasized that the participation of business representatives in the forum reflects genuine readiness for collaboration between governments and the private sector.

The minister stressed the need to enhance payment and financial settlement systems across Africa, noting that the Pan-African Payment and Settlement System (PAPSS) has become a key mechanism supporting intra-African trade by enabling transactions in local currencies, reducing costs, and increasing efficiency. This empowers small and medium-sized enterprises (SMEs) to operate more effectively within the unified continental market.

He further emphasized the need to improve the investment and trade environment through infrastructure development, modernization of logistics services, simplification of procedures, and establishment of clear regulatory frameworks that support production and trade.

El-Khatib described the forum as an important platform for dialogue, exchanging perspectives, and identifying practical steps to build a unified African market, with a focus on aligning the needs of the private sector with the development priorities of African countries.

He noted that current intra-African trade accounts for only 15% of the continent’s total trade, emphasizing that effective implementation of the agreement can significantly increase this percentage, fostering growth, attracting investment, and creating broader opportunities for youth and women.

The minister also highlighted that the forum provides a vital platform for deepening dialogue between policymakers and the private sector, exploring new partnership opportunities, and launching practical initiatives to support the next phase of agreement implementation.

He concluded by urging all participants to deepen cooperation during the forum and pursue new pathways that accelerate AfCFTA implementation while expanding industrial and commercial integration across the continent.

El-Khatib also called on the business community to leverage the event to develop partnerships, finalize agreements, and implement initiatives that support Africa’s growing trade and investment landscape, stressing that Marrakesh 2025 represents a landmark step toward a more integrated, productive, and prosperous continent.