The annual General Assembly (GA) of the World Trade Centers Association (WTCA) is the
most prominent event on the organization’s calendar, bringing together representatives
and business delegations from the World Trade Centers (WTCs) around the world to a
new city each year.
GA 2018 was held in Leeuwarden and GA 2019 in Querétaro, Mexico.GA 2023, the first in
Sub-Saharan Africa (SSA) will be held in Accra, Ghana from 23 to 28 of April 2023. This
event will also mark the return of large physical gatherings of the WTCA after three years
of restrictions due to the COVID Pandemic.
The 53rd GA will be held under the theme: “Towards African Economic Integration and
Enhanced Global Presence”, and will highlight the unique trade and economic opportunities
presented by Africa, touted as the world’s next economic frontier, especially in light of
the new Africa Continental Free Trade Agreement (AfCFTA).
Africa has the largest unused potential in almost every economic sector and offers
unmatchable opportunities for trade and investment. Seven out of the world’s ten
fastest-growing economies were in Africa (pre-COVID) and the continent’s average
annual growth rate is ahead of that of the rest of the world.
AfCFTA has created the single-largest custom-free trading area in the world, with a
combined Gross Domestic Product of over US$3 trillion. With the implementation of the
AfCFTA agreement, trade facilitation measures that cut red tape and simplify customs
procedures are expected to drive $292 billion in potential income gains.
The implementation the AfCFTA is helping to usher in the kind of deep reforms necessary
to enhance long-term growth in African countries.