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.


(file photo).

AllAfrica publishes around 600 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.