Addis Ababa October 24/2013 Ethiopia has given due attention for development of infrastructure with a view to enhance meaningful integration in regional and global market, Ministry of Trade said.
Speaking in 8th Ordinary Session of Conference of AU Ministers of Trade held here Thursday, the State Minister, Yakob Yala said the country has envisaged to expand its infrastructure in road, railway and energy areas, which he said is very crucial for regional integration.
He said boosting intra-Africa trade and deepening regional market integration will be a strategic response to challenges facing Africa in multilateral trading system and global economy.
Fostering competition among African countries will assist to enhance capacity to compete more effectively in the global market, Yakeb said.
International Trade Center (ITC) Executive Director, Arancha Gonzalez on his part said ITC is ready to support AU's Action Plan on Boosting intra-African trade with a new program.
This program is expected to respond to Africa's regional integration needs through the Action Plan but also the individual country and micro and small enterprises, he said.
The five-day conference is expected to discuss the implications of Bilateral Trade Agreements by Member States and RECs with external partners on the establishment of Continental Free Trade Area (CFTA) and the implementation of regional integration in Africa, among others.