On May 30, the African Continental Free Trade Agreement (AfCFTA) officially went into force. The agreement, signed by all but three of Africa’s fifty-five nations, establishes the largest free trade area in the world since the creation of the World Trade Organization in 1995. Once the remaining countries join, AfCFTA will cover more than 1.2 billion people and over $3 trillion in GDP. While AfCFTA promises to unlock Africa’s economic potential, the agreement still faces an uphill battle for implementation.
martens almost 5 years ago
On May 30, the African Continental Free Trade Agreement (AfCFTA) officially went into force. The agreement, signed by all but three of Africa’s fifty-five nations, establishes the largest free trade area in the world since the creation of the World Trade Organization in 1995. Once the remaining countries join, AfCFTA will cover more than 1.2 billion people and over $3 trillion in GDP. While AfCFTA promises to unlock Africa’s economic potential, the agreement still faces an uphill battle for implementation.
https://www.reuters.com/article/us-africa-trade/economic-game-changer-african-leaders-launch-free-trade-zone-idUSKCN1U20BX