As African Continental Free Trade Bloc Takes Off...

The African Continental Free Trade Area (AfCFTA) has finally taken off across the continent. Originally scheduled to kick off on 1 July, 2020, the coronavirus crisis - and other factors - stalled the proposed take-off. The AfCFTA, according to South Africa President, Cyril Ramaphosa, will boost intra-African trade, contribute to job creation, and it unleash regional value chains that will facilitate Africa's meaningful integration into the global economy.  The AU says that the agreement will create the world's largest free trade area. It also estimates that implementing AfCFTA will lead to around a 60% boost in intra-African trade by 2022. Currently 54 states have agreed to the AfCFTA, out of which 34 have formally signed the agreement.

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