Africa Global Chamber of Commerce (AGCC) is a Business Member-based 501 c(6) not-for-profit trade association whose mission is to promote trade, investment, educational exposures, and cultural exchanges globally for Africa’s economic interest and its partners starting from the United States of America. Locally, AGCC strives to serve businesses and professionals seeking business opportunities while facilitating mutual commerce between the US and Africa. AGCC is based in Chicago, Illinois.
www.africangcc.org/@companyAfrican Continental Free Trade Area (AfCFTA) is a flagship project of Agenda 2063 of the African Union — Africa’s own development vision. It was approved by the 18th ordinary Session of Assembly of Heads of State and Government, held in Addis Ababa, Ethiopia in January 2012 which adopted the decision to establish a Continental Free Trade Area. This initiative whose immediate implementation would provide quick wins, impact on socio-economic development and enhance confidence and the commitment of Africans as the owners and drivers of Agenda 2063.
The AfCFTA aims at accelerating intra-African trade and boosting Africa’s trading position in the global market by strengthening Africa’s common voice and policy space in global trade negotiations. As of 5 February 2021, 36 countries have deposited their instruments of ratification., 36 countries have ratified the AfCFTA agreement.
The general objectives of the AfCFTA are to:
Create a single market for goods, services, facilitated by movement of persons in order to deepen the economic integration of the African continent and in accordance with the Pan African Vision of “An integrated, prosperous and peaceful Africa” enshrined in Agenda 2063;
Create a liberalized market for goods and services through successive rounds of negotiations;
Contribute to the movement of capital and natural persons and facilitate investments building on the initiatives and developments in the State Parties and RECs;
Lay the foundation for the establishment of a Continental Customs Union at a later stage;
Promote and attain sustainable and inclusive socio-economic development, gender equality, and structural transformation of the State Parties;
Enhance the competitiveness of the economies of State Parties within the continent and the global market;
Promote industrial development through diversification and regional value chain development, agricultural development, and food security; and
Resolve the challenges of multiple and overlapping memberships and expedite the regional and continental integration processes.
The Embassy is located at:
3051 Massachusetts Avenue NW
Washington, DC 20008
Tel: (202) 232-4400
The East African Business Council (EABC) is the regional apex body of Private Sector associations and corporates in the East Africa with a single purpose of driving the East African Community integration process through trade and investment. To achieve this EABC works with the public sector, East African Community (EAC) institutions, the academia, and the business community to unlock economic potential through increased physical access to markets, enhanced trade environment and improved business competitiveness.
EABC aims to articulate its leadership role in building a vibrant Private Sector ecosystem by fostering excellence and increasing national, regional and global engagement with East African governments, people and business.
FEWACCI advocates on behalf of the private sector of the ECOWAS region for:
A greater involvement of the private sector in policy making decisions
Improvement of the business climate for the development of private investment;
Public-private partnership in the development of projects and more particularly, regional projects covering more than one ECOWAS-member country, such as roads, railways, etc.
Institutionalized public-private dialogue
Good corporate governance