Cape Verde reticent about the Free Trade Area

Júlio Herbert
Cape Verde Minister of Regional Integration Júlio Herbert

Cape Verde signed the Kigali Declaration in March this year, which provides for the creation of a free trade area among African countries. However, the Minister of Regional Integration, Júlio Herbert, showed during the ECOWAS Parliamentary Forum, reticent about the real possibility of establishing an African free trade zone.

According to Júlio Herbert, it will not be easy to implement this aspiration that is part of Agenda 2023, aiming at the creation of a continental market with the free movement of people, capital, goods and services, without the regional economic communities in Africa fulfilling the objectives such as the issue of the single currency, customs and legislative harmonization.

“The regional blocs know the realities and their critical factors. They know perfectly well what the pace of this process should be. The African Union, for example, has its level of demand and the dynamics that it intends to incorporate throughout this process. But the truth is that sometimes the interests of the regional blocs and those of the African Union do not coincide in terms of pace, speed, time horizons and deadlines, “he said.

Regarding national support for the creation of an African Continental Free Trade Area (ZCLCA), Júlio Herbert chose to point out that although Cape Verde is one of the underwriters of the Kigali Declaration in March 2018, the country is attentive to the process and “continues to monitor and prepare for any consequences that may arise in the course of the debate. ” The Minister of Regional Integration, despite reticence, believes in ZCLCA, provided that the previous issues, such as market harmonization, common currency, industrialization of the African continent, “which must be debated, without a complex the regional blocs and the African Union itself. “