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November 19, 2024
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Zambia Joins Central Corridor Transit Transport Facilitation Agency to Boost Regional Trade

Zambia has officially joined the Central Corridor Transit Transport Facilitation Agency (CCTTFA) in a strategic move aimed at enhancing regional trade and connectivity. This decision is expected to improve Zambia’s access to key seaports and strengthen its trade links with neighboring countries.

By becoming a member of the CCTTFA, Zambia seeks to leverage the corridor’s infrastructure to facilitate smoother transit of goods, reduce transportation costs, and enhance export and import efficiencies. The Central Corridor, which connects landlocked countries in East and Central Africa to the ports of Dar es Salaam in Tanzania, will play a pivotal role in advancing Zambia’s regional trade ambitions.

Zambia’s participation in the agency is part of a broader effort to diversify its trade routes, reduce dependency on traditional corridors, and improve the competitiveness of its economy. It also aligns with the country’s push for greater integration into regional and continental trade agreements, such as the African Continental Free Trade Area (AfCFTA).

Government officials expressed optimism that Zambia’s membership in the CCTTFA will attract new investment, improve logistics infrastructure, and promote economic growth by unlocking new markets and trade opportunities across the region.

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