Africa Continental free Trade Area – the next chapter to African glory!

The AfCFTA provides an opportunity for Africa to create the world’s largest free trade area with the potential to unite more than 1.2 billion people with a gross domestic product of more than $2.5 trillion which is expected to usher in a new era of development.

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Trading under the pact commenced on 1 January this year after a postponement for six months as a result of the pandemic.It has the potential to generate a range of benefits through supporting trade creation, structural transformation, productive employment and poverty reduction.

The agreement constitutes a significant milestone towards the realization of the African Union’s Agenda 2063 for the socio-economic transformation of the Continent.

“Accelerating intra-African trade and boosting Africa’s trading position in the global market by strengthening Africa’s common voice and policy space in global trade negotiations.”

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