The Chartered Institute of Logistics and Transport, a leading professional body representing supply chain, logistics and transport industries worldwide, has officially launched its annual Africa Forum 2020 in Accra.
The Forum seeks to give government, corporate, students and individuals the needed platform to share, learn and promote professional and business interest since over 300 delegates from the continent and the rest of the world are expected to attend.
The forum, under the theme ‘Sustainable Implementation of the Africa Continental Free Trade Agreement (AfCFTA): The Role of Logistics, Transport and Industry’ is practically to usher Ghana and other African countries into what has been described as a ‘Game Changer’. “It is our hope that the focus on the Africa Continental Free Trade Agreement (AfCFTA) further bring to the fore the opportunities inherent in the AfCFTA, Ebo Hammond, President, CILT, has said.
According to him, the forum will equally highlight its challenges for governments and businesses. The AfCFTA, whose Secretariat will be hosted in Ghana will be the world’s largest free trade area. It would include 55 nations, a 1.2billion population and gross domestic product of US$2.3trillion. It is rightly described by International Monetary Fund (IMF) as a game-changer for the continent, which has a low intra-regional trade of about 16percent of international export trade,” he added.
AfCFTA could serve as a new engine of growth across the continent and logistics, transport and industry in general have a major role to play in its success and sustainability.