ALGERIA CALLS FOR SPEEDING UP CREATION OF AFRICAN FREE TRADE AREA

KIGALI, RWANDA, -- Algerian Prime Minister Abdelmalek Sellal has called on member States of the African Union (AU) to intensify their efforts to complete the creation of a Continental Free Trade Area (CFTA) by 2017.

"The fact that the deadline, set in 2012 by the Heads of State and government, for the completion of the establishment of the CFTA is coming closer requires from the member States to make more efforts to meet this significant continental goal in time," Sellal said in an address at a meeting here Sunday on "the Integration of the Union, and especially the Continental Free Trade Area".

He underlined Algeria's commitment to spare no effort to effectively contribute, in consultation with all AU member States, to the integration of the continent, of which the CFTA is an essential lever.

"We should have an African solidarity economy to face the other international blocs," he stressed.

Sellal added that the negotiation process for the establishment of the CFTA could be a real lever to settle some structural deficiencies within the continent's regional economic communities (RECs).

"To make a progress in the process, Algeria will host in early December 2016, an important African businessmen's meeting entitled "African Investment and Business Forum: Algiers Meeting," Sellal said.

The event is expected to bring together more than 2,000 major African business executives.

Source: Name News Network