With the launch of a new continental trade bloc, Africa is positioned to compete globally and accelerate its economic development. But success will depend on whether national policymakers and African firms can be mobilized to take advantage of the growth opportunities now available.
ADDIS ABABA – The African Continental Free Trade Area, launched at the 12th Extraordinary Summit of African Union Heads of State and Government in July 2019, is the largest multilateral trade agreement since the founding of the World Trade Organization. Comprising one billion people and accounting for over $2 trillion of the continent’s GDP, the AfCFTA promises to sustain the dynamism of Africa’s markets for years to come.
ADDIS ABABA – The African Continental Free Trade Area, launched at the 12th Extraordinary Summit of African Union Heads of State and Government in July 2019, is the largest multilateral trade agreement since the founding of the World Trade Organization. Comprising one billion people and accounting for over $2 trillion of the continent’s GDP, the AfCFTA promises to sustain the dynamism of Africa’s markets for years to come.