BRAZZAVILLE (CONGO) — Kenyan Deputy President William Ruto is persuading African countries yet to join the Tripartite Free Trade Area (TFTA) to do so in order to maximize on trade benefits.
Ruto who is in the Republic of Congo said 9 countries including Kenya have already ratified the TFTA agreement enabling them access a market of more than 650 million people in 26 countries and an estimated Gross Domestic Product of US Dollars 1.3 trillion per annum.
The TFTA agreement was launched in June 2015 in Egypt and to date, 22 of the 27 Member States have signed the Agreement with only 9 member states having ratified the agreement.
Ruto urged the Republic of Congo to ratify the agreement saying it would expand markets for member state products as well as facilitate legal and institutional arrangements for regional cooperation among the 26 countries who are members of COMESA, EAC and SADC.
The Agreement will enter into force once it has been ratified by 14 Member States.
Ruto witnessed the signing of a framework agreement for cooperation between Kenya and the Government of the Republic of Congo.
The cooperation was in areas of mutual interest including political consultations, economics, trade and investment, agriculture, science and technology, culture and arts, education, health, media and film and sports.
Source: NAM NEWS NETWORK