The private sector is essential to development, acting as a powerful engine of economic growth, particularly in developing countries. It lays the foundation for sustainable job creation and serves as a leverage to reduce income inequality.
Fifty-four African countries signed a pact establishing the African Continental Free Trade Area (AfCFTA), one of the important milestones of the African Union’s Africa 2063 agenda.
The potential for increasing Arab-African trade is immense. Both regions have sufficient financial and human resources to create shared prosperity. It is also an excellent tool for strengthening Arab-African cooperation on other fronts.
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