Former President of the Republic of Ghana, John Agyekum Kuffour, has said Africa needs strong trade ties with Europe.
According to him, Africa and Europe can form a formidable market against the other continents so far as international trade is concerned.
Mr Kufuor cited that competitiveness is the surest way to avoid being left on the sidelines of the global market. Africa has so many natural resources that are needed by the world.
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The former president made these remarks when some 17 CEOs of European companies visited his residence. Africa’s vast natural resources and human resources combined with Europe’s finance will be powerful.
He also stated that the establishment of the headquarters of the African Continental Free Trade Area (ACFTA) in Ghana is a step in the right direction since it will make the country the pivot of Africa’s trade successes.
The CEOs whose companies are mainly focused on construction, interior fixtures and decoration materials. They have come to establish in Ghana through a Ghanaian counterpart. According to them, Europe and Africa can jointly take over the world market through effective partnerships
In this global village that makes the whole world into one market, unless you are competitive you are left on the sidelines and so Africa, with all its natural endowment and an exploding population…is a market that should attract any entrepreneur.
As it is now, Europe has the know-how, it has got the technology, and the capital and Europe needs a market and when you look geographically at the global map, it is Europe and Africa sitting in the middle divided only by the Mediterranean.
If the people in the middle will cooperate, share technology on a partnership basis fairly, capital know-how then they become the real third force against the East that is Asia on one side, and America on one side. I tell you we will be very competitiv. former President Kufuor said
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