Dubai, UAE – Dubai continues to strengthen its position as a gateway for African trade, according to Ahmed Bin Sulayem, Executive Chairman & CEO of the Dubai Multi Commodities Centre, who spoke earlier today at the Global Business Forum Africa 2021 in Dubai.

During a session titled The Evolution of Global Trade, Bin Sulayem highlighted the need to accelerate procedures for economic integration between the African states taking part in the African Continental Free Trade Area (AfCFTA), as well as obstacles hindering its success. He reiterated the importance of establishing comprehensive economic partnerships and benefit from Dubai's leading position a strategic trade hub connecting Africa and the region.

"African countries have made a remarkable progress under the Free Trade Agreement, and they must enhance their growth, building on the agreement, ensuring accelerated change, to develop their economic performance. Benefiting from successful experiences, these countries can identify challenges accurately, find necessary solutions, and achieve transformation to bolster their position in global trade. Dubai offers a strong platform for African economies and products to enhance their international reach. We can support significant initiatives in Africa, further strengthening long-term relations," said Bin Sulayem.

Also joining the session was Kebour Ghenna, the Executive Director of Pan-African Chamber of Commerce and Industry (PACCI), who elaborated on the success of the trade agreement.

"AfCFTA has seen a great progress: 54 countries signed to join and 37 fulfilled their commitments. In addition, members have shown remarkable mutual understanding on many trade and economic issues, promising further achievements in the near future. African states must not wait for all the procedures to be completed; there is a data gap to be addressed, challenges to be faced through a unified vision, and solutions to be developed before implementing the AfCFTA in the best manner."

Dr. Deborah Elms, Founder and CEO of the Asian Trade Centre, concluded: "Africa has great potential and equally great challenges, which must be dealt seriously considering the different interests and approaches of every country. In particular, the most impactful ones are interests related to investments, digital economy transformation, intellectual property, certificates of origin, and others. These issues need to be agreed upon to find a format that ensures the ease of business and drives growth."

The 6th edition of GBF Africa is organised by Dubai Chamber in partnership with Expo 2020 Dubai. Held under the theme Transformation Through Trade the two-day forum concludes tomorrow (Thursday, October 14).


Send us your press releases to

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.