The Economics Association of Zambia -EAZ- says the Africa Continental free trade Area protocol signed by President Edgar Lungu is a good trade initiative towards the economic integration of African Countries and will benefit Zambia.
EAZ President Lubinda Haabazoka says the country spends money in transactions, with notable foreign exchange risks, normally increasing the cost of Inter-African trade, hence the signing of the trade agreement will spur better economic linkages.
Dr Haabazoka explains that through the Africa Continental Free Trade Area Agreement, the foreign exchange rate and the cost of doing business on the African continent, will reduce.
He points out that signing the agreement is a good step towards Zambia tapping into various economic fronts on the African continent.
Dr Haabazoka has further encouraged African Countries to learn from one another and ensure trade is tightened using their own domestic currencies.
Zambia signed the Continental African Free Trade Agreement in Addis Ababa Ethiopia that aims at enhancing free trade on the African continent.