Community court strengthens expertise in dispute settlement mechanisms under AfCFTA and ECOWAS
Abuja, Nigeria (PANA) - Judges, legal officers and registry staff of the ECOWAS Court of Justice have participated in a capacity building workshop on the Dispute Settlement Mechanisms under the African Continental Free Trade Area (AfCFTA) and ECOWAS.
The two-day workshop held from 3-4 October 2024 was aimed at improving the participants’ knowledge of the legal frameworks, best practices, and dispute resolution procedures under the AfCFTA and ECOWAS trade instruments, a press release from the ECOWAS court said.
Justice Edward Amoako Asante, President of the ECOWAS Court, represented by Justice Sengu Mohamed Koroma, emphasised the importance of robust dispute resolution mechanisms for the success of AfCFTA and ECOWAS trade frameworks.
Although the ECOWAS Court's arbitration jurisdiction is not fully activated, the workshop aimed to prepare the Court for future arbitration and litigation in trade, investment, and competition related disputes.
He described the adoption of the AfCFTA as “a milestone in the journey towards increased intra-African trade and the expansion of economic opportunities across the continent.
Justice Asante added for the ECOWAS Member States, the agreement is a significant complement to the existing ECOWAS frameworks on trade and free movement, which have long fostered the free flow of goods, services, and people within our region.
Mr Kolawole Sofola, Director, Trade, ECOWAS Commission, representing Madam Massandjé Toure-Litse, the Commissioner for Economic Affairs and Agriculture, acknowledged the critical role of the ECOWAS Court in ensuring the rule of law and fair and effective dispute resolution.
“As we continue to work towards realising the full potential of the AfCFTA, it is clear that the mechanisms for resolving trade disputes will be a cornerstone in ensuring the success and credibility of this landmark agreement. The AfCFTA represents not just an opportunity, but a transformation for Africa, providing a platform for trade liberalisation, economic growth and development. However, it will only succeed if the rules of trade are adhered to, and any disputes that arise are settled in a fair, efficient and transparent manner,” he said.
The workshop marked an important step towards developing the ECOWAS Court’s dispute resolution mechanisms and enhancing its role in regional and continental integration, the statement said.
-0- PANA MA 6Oct2024
