The Gambia has become the 22nd country to approve the Africa Continental Free Trade Agreement (AfCFTA). This means that the minimum threshold has been met for the agreement to finally come into force.
The Africa Continental Free Trade Agreement (AfCFTA), which was enacted in Kigali, Rwanda in 2018, seeks to create the largest trade zone in the world. It will cover a market of 1.2 billion people and a combined gross domestic product of US$2.5 trillion. AfCFTA is projected to increase intra-African trade by 52% by the year 2022, according to the United Nations Economic Commission for Africa (UNECA), and will remove tariffs on 90% of goods.
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