BusinessEconomyHeadline

To institutionalise Africa Prosperity Dialogues will be the turning point in the history of Africa, says participant

The Africa Prosperity Dialogues entered the second day with participates from diverse background discussing very pertinent topics

Dr Francis Mangeni, director, Regional Economic Communities has said the institutionalization of the Africa Prosperity Dialogues will be the turning point in the history of the African continent.

Mangeni was participating in a panel discussion in the maiden Africa Prosperity Dialogues at the Safari Valley Resort in Adukrom, Eastern Region.

The state-to-state nature of the Dispute Settlement Mechanism of AfCFTA could be a potential barrier to ensuring effective dispute resolution under the Agreement. African States, if not completely, almost never litigate against each other over trade-related matters and it is uncertain if they would do so in the case of the AfCFTA. 

The low participation of African States in trade dispute resolution at WTO and within African Regional Economic Communities is a glaring indication that they do not possess the political will to resolve trade issues. 

Relatively, the question of who can initiate legal proceedings is crucial to the evaluation of the AfCFTA legal framework. However, it is important that the AfCFTA program provides an efficient dispute settlement option for the private sector who are key players in the AfCFTA ecosystem. Hence, addressing critical legal and institutional constraints is of an utmost priority now than ever.

To this end, participants at the Africa Prosperity Dialogues have been discussing the topic: “Addressing Critical Legal and Institutional Constraints”

Ijeoma Uju, partner, Templars contributing to the topic said, “we have successfully negotiated the protocol on dispute resolution settlement but if we are going by the dream ‘From Ambition to Action’ then the ambition will have to start from the AfCFTA protocol document itself. 

“So the AfCFTA agreement itself has to eliminate every friction that would deter us from moving from Ambition to Action.”

Uju added, “So we do have a dispute settlement mechanism but we have also the disinclination of even the state to adjudicate.”

“The process is there, so why haven’t they…we have been a wholesale copying of what we have with the World Trade Organization (WTO) and even under the WTO African state rarely adjudicate…so maybe we shouldn’t focus on the adjudicatory process.”

She added, “Maybe we should begin to focus on the none-adjudicatory processes whereby we use the ADR.. we don’t have many wealthy African states so we may want to remove the friction on time, and expense and see how we can make it work.”

“We should also begin to progressively eliminate all friction that would disallow people from seeking justice…” Uju said.

Mansa Williams, lawyer, Africa Legal Associates also said, “The AFCFTA has opted for amicable settlement arbitration instead of the court system but I’m in favour of the court system instead of the arbitration –for predictability and transparency .”

Williams added, “Africa governments must ensure that they don’t unnecessarily drag the process because as it stands there is a lot of opportunities for these processes to be dragged and some of these issues that will come will have to be dispatched expeditiously.”

Mangeni posed two questions to begin his submissions: “We know what to do but we don’t do it, why? We know what not to do but we do it why? So that is why talking about implementation from ambition to action is pertinent.” 

He added, “The road to all this is that these questions have to be answered and we have not found an appropriate answer in my view.”

He said Africans must begin to address the issues of life skills beyond the legalities that we are talking about.”

High Profile African political and business leaders are in Ghana to participate in the maiden edition of the Africa Prosperity Dialogues (APD), an indigenous African initiative aimed at proposing signature policies to ensure the Africa Continental Free Trade Area (AfCFTA) is fully implemented.

The three-day retreat which began on Thursday 26 January 2023, will reach a climax this Saturday, 28 January, when President Akufo-Addo will host the participants at the presidential retreat, Peduase Lodge.

Asaase Radio 99.5 broadcasts on radio via 99.5 in Accra, 98.5 in Kumasi, 99.7 in Tamale, 100.3 in Cape Coast and on our affiliates Bawku FM 101.5 in Bawku, Beats FM 99.9 in Bimbilla, Somua FM 89.9 in Gushegu, Stone City 90.7 in Ho, Mining City 89.5 in Tarkwa and Wale FM 106.9 in Walewale
Tune in or log on to broadcasts 
online: www.asaaseradio.com, Sound Garden and TuneIn
Follow us on Twitter: @asaaseradio995
Live streaming: facebook.com/asaaseradio99.5. Also on YouTube: Asaase Radio Official.
Join the conversation. Call: 020 000 9951 or 059 415 7777. Or WhatsApp: 020 000 0995.

#AsaaseRadio
#TheVoiceofOurLand

Show More

Related Articles

Back to top button

Adblock Detected

ALLOW OUR ADS