{"id":102202,"date":"2024-04-20T12:44:26","date_gmt":"2024-04-20T11:44:26","guid":{"rendered":"https:\/\/jazairhope.org\/?p=102202"},"modified":"2024-04-20T08:46:40","modified_gmt":"2024-04-20T07:46:40","slug":"algeria-signs-hosting-agreement-for-intra-african-trade-fair-2025","status":"publish","type":"post","link":"https:\/\/jazairhope.org\/en\/algeria-signs-hosting-agreement-for-intra-african-trade-fair-2025\/","title":{"rendered":"Algeria signs Hosting Agreement for Intra-African Trade Fair 2025"},"content":{"rendered":"
\n
eated from Left to right:\u00a0Mr. Chiza Charles Chiumya,<\/strong>\u00a0representing Ambassador Albert Muchanga, Commissioner for Trade and Industry African Union Commission,\u00a0Mrs. Kanayo Awani<\/strong>, Executive Vice President, Intra-African Trade Bank \u2013 Afreximbank,\u00a0H.E. Tayeb Zitouni<\/strong>, Minister of Trade and Export Promotion \u2013 Government of Algeria and\u00a0Mr. Chawki Jaballi<\/strong>, Representing H.E. Wamkele Mene, Secretary General AfCFTA Secretariat.<\/em>\u00a0Standing from left to right:\u00a0H.E. Chief Olusegun Obasanjo,<\/strong>\u00a0Chairperson of the IATF2025 Advisory Council and Former President of the Federal Republic of Nigeria, H.E. Nadir Larbaoui, Prime Minister of Algeria and Joseph Ifebunandu, Senior Manager Legal, Afreximbank<\/em><\/figcaption><\/figure>\n<\/div>\n

Algiers, 15 April 2024 \u2013\u00a0<\/strong>The Host Agreement Signing Ceremony for the Intra-African Trade Fair 2025 (IATF2025) took place in Algiers on 15 April 2024. The Ceremony, which was hosted by the African Export-Import Bank (Afreximbank), in collaboration with the African Union and the AfCFTA Secretariat, and the Government of the People\u2019s Democratic Republic of Algeria, paves the way for the fourth edition of the Intra-African Trade Fair to take place from 4 \u2013 10 September 2025 in Algiers, Algeria.<\/p>\n

H.E. Chief Olusegun Obasanjo, Chairperson of the IATF2025 Advisory Council and Former President of the Federal Republic of Nigeria, extolled the Intra-African Trade Fair as the go-to trade and investment event on the African continent. He added that \u201cthe IATF2025 Hosting Agreement represents more than just a contractual agreement; rather it symbolises a collective responsibility of the partners for excellence and innovation in continuing the tradition of the Intra-African Trade Fair, which has become established as the AfCFTA Marketplace and the go-to trade and investment event on the African continent. The IATF is now a foremost event in the African calendar of economic, social, trade and even policy events. It is in the passionate pursuit of these goals that Afreximbank in collaboration with the African Union Commission and AfCFTA Secretariat are championing the noble cause of changing the socioeconomic landscape of Africa by devising progressive initiatives aimed at promoting intra-African trade and continental integration.\u201d<\/p>\n

Kanayo Awani, Executive Vice President, Intra-African Trade Bank, Afreximbank, said: \u201cThe Intra-African Trade Fair opens alternate routes for African trade. It has become the platform for actualising the AfCFTA vision. It expands and deepens knowledge of the continent\u2019s trading environment and enhances the industrial capacity of African economies. Ultimately, IATF has become the engine accelerating trade and business flows within the continent. The last three fairs have generated combined trade and investment deals of no less than US$120 billion. To one who wonders what the US$120 billion represents, African businesses have found buyers in new markets across Africa, industries have found new sources of raw materials, investment and capital goods, government-to-government deals in critical sectors such as agriculture and agro-processing have been forged, and African contractors have won major government projects.\u201d She also expressed her gratitude to the Government of the People\u2019s Democratic Republic of Algeria for their unwavering commitment and support for the Intra-African Trade Fair.<\/p>\n

A statement delivered on behalf of H.E. Wamkele Mene, Secretary-General, AfCFTA Secretariat described the importance of the Intra-African Trade Fair as \u201cour strategic response to the challenge of trade information scarcity, aiming to enhance intra-African trade and investments, all without the need for outside help. And it serves as a symbol of hope and opportunity, breaking down conventional trade and investment barriers to unite the diverse yet cohesive African identity.\u201c<\/p>\n

A statement delivered on behalf of H.E. Ambassador Albert Muchanga, African Union Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, highlighted that other regions of the world have proved that \u201ctrade can be a powerful tool for economic growth. Whilst trade was able to lift millions out of poverty in those regions, the same has not reflected in Africa\u2019s experience. Trade amongst African countries is low. The AfCFTA was designed to change this story. Not only was it meant to boost Intra African trade, but it was meant to deal with Africa\u2019s perennial challenges of job creation, high levels of poverty and very low levels of manufacturing and industrial base. It was designed to create a predictable legal framework for trade and investment, hence offering more guarantees to investors thereby bringing certainty and predictability to the African trading environment.\u201d<\/p>\n

In his Closing Remarks, Jean-Louis Ekra, Former President of Afreximbank and Deputy Chairperson of the IATF2025 Advisory Council, praised \u201cthe power of African unity, shared purpose, and collective action towards a path taken to promote intra-African trade and investment. It is through our combined efforts that we can drive positive change, foster innovation, and create a better future for all the inhabitants of the African continent.\u201d<\/p>\n

The Ceremony was also attended by public and private sector institutions, African diplomatic corps, financial institutions, and trade and industry associations, and is intended to maximise awareness surrounding the upcoming IATF2025.<\/p>\n

Attendees at the Signing Ceremony also had the opportunity to visit the Algerian Company of Fairs and Exports (SAFEX), which will be the venue for IATF2025.<\/p>\n

The Intra-African Trade Fair is the African continent\u2019s premier trade and investment event and provides a unique opportunity for exhibitors to showcase their goods and services, engage in Business to Business (B2B) and Business to Government (B2G) exchanges, network, establish new business contacts and conclude business deals. The event also gives delegates the opportunity to hear actionable insights from an array of experts on a wide range of trade and investment topics and opportunities at the IATF Trade and Investment Forum. The event also offers opportunities for participants from the Diaspora, creative industries including gastronomy and the culinary arts, to attend and showcase their goods, services and expertise. In addition, there will be training workshops covering exporting, standards and marketing.<\/p>\n

Attendees at the IATF include businesses, buyers, sellers, traders and investors, captains of industry, senior government ministers, trade finance and advisory specialists, trade and economic organisations, senior executives from corporates and multinationals, innovative entrepreneurs and the media in one venue.<\/p>\n

The highly successful third edition of the Intra-African Trade Fair (IATF2023) took place in Cairo, Egypt, from 9 \u2013 15 November 2023, and attracted over 28,000 conference delegates, trade visitors and media, had 1,939 exhibitors from 130 countries, and witnessed US$43.8 billion of trade and investment deals being concluded.<\/p>\n

For more information about IATF2025 please visit\u00a0www.intrafricantradefair.com<\/a><\/p>\n

Source : https:\/\/www.afreximbank.com\/algeria-signs-hosting-agreement-for-intra-african-trade-fair-2025\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

eated from Left to right:\u00a0Mr. Chiza Charles Chiumya,\u00a0representing Ambassador Albert Muchanga, Commissioner for Trade and Industry African Union Commission,\u00a0Mrs. Kanayo Awani, Executive…<\/p>\n","protected":false},"author":1,"featured_media":102203,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[12,4],"tags":[],"class_list":["post-102202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-featured-articles"],"yoast_head":"\nAlgeria signs Hosting Agreement for Intra-African Trade Fair 2025 - AAH.JZR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jazairhope.org\/en\/algeria-signs-hosting-agreement-for-intra-african-trade-fair-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Algeria signs Hosting Agreement for Intra-African Trade Fair 2025 - 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