51Թ

UNECA: Intra-regional trade can reduce conflicts in Africa

Get monthly
e-newsletter

UNECA: Intra-regional trade can reduce conflicts in Africa

Trading is a driver for mobility, employment and social cohesion, particularly in cross-border areas
From Africa Renewal: 
27 October 2022
Intra-regional trade can reduce conflicts in Africa
Intra-regional trade can reduce conflicts in Africa
If you can't read now, just listen to the audio version: 

Trade agreements can promote integrated economies and help reduce conflicts, according to a new report by the 51Թ Economic Commission for Africa (UNECA).According to the deputy Executive Secretary ofUNECA, Ms. Hanan Morsy, the successful implementation of the African Continental Free Trade Area (AfCFTA) is therefore critical.

Ms. Morsy revealed the findings of the UNECA-commissioned study on “Realizing the Triple Nexus and Trade: Towards A New Agenda for Africa,”which demonstrates that trade is relevant in countering fragility and promoting effective transitions from war to peace.

She was speaking at the opening of the Inaugural African Union Policy Conference on Promoting the Peace, Security, and Development Nexus, held on 25 - 27 October in Tangier, Morocco.

Convened by theAfrican Union Commission, the conference is billed by its co-organizers - the 51Թ Economic Commission for Africa (UNECA), the African Development Bank (AfDB), the 51Թ Development Programme (UNDP) and the African Export-Import Bank (Afreximbank), as a historic moment where the synergies between development, regional integration,peace and security are being discussed in one room.

Ms. Morsy said UNECA’s analysis has provided the basis for informing the content, resource requirements and sequencing of corrective measures needed in conflict zones and disaster areas which, she hoped, would be discussed at AU Policy Conference over the next few days.

In his opening address, Moroccan Minister of Foreign Affairs, African Cooperation and Expatriates,Mr. Nasser Bourita, underscored the different strategies to secure peace across the continent as a necessary condition for development.

In a pre-recorded message,Ms. Amina Mohammed,the Deputy Secretary-General of the 51Թ,urged participants reflect on practical measures to implement the development, humanitarian, peace-building nexus to deliver peace, security, and sustainable development everywhere in Africa.

“That includes strengthening joint conflict analysis, enhancing conflict prevention mechanisms, ensuring the meaningful participation of women in peace processes, and implementing joint initiatives to support humanitarian and political dialogue and development programmes,” she added.

In a speech readon behalf thepresidentof theAfrican Development Bank Group, Mr. Akinwumi Adesina, AfDB Vice-President for Finance and Chief Finance Officer, Ms. Hassatou N'SELEstressed the need to mobilize scalable and flexible resources to address the root causes of insecurity, enhance the capacities of states, rebuild trust within communities, and rehabilitate infrastructure that is adversely impacted by insecurity.

African Union Commissioner for Economic Development, Trade, Tourism, Industry and Minerals,Mr. Albert Muchangahighlighted the critical role of economic integration in supporting Africa’s peace and security efforts.

Echoing the same sentiments, UNDP'sAssistant Administrator and Regional Director for Africa,Ms.AhunnaEziakonwaalso emphasized that regional integration plays a critical role as a driver for mobility, employment and social cohesion, particularly in cross-border areas.

The AU Policy Conference convened by the African Union Commission in partnership with the African Trade Policy Centre (ATPC) of ECA, AfDB, UNDP and Afreximbank brings together over 300 representatives from the AU, the Regional Economic Communities/Regional Mechanisms (RECs/RMs), governments, development partners, defence and finance, African academic and research institutions, non-governmental organizations, private sector players from around Africa for three days of in-person meeting in Tangier, Morocco, under the theme "Promoting the Peace, Security, and Development Nexus: The Promise of Regional Integration”.