Integrated economies, powered by innovative and high-growth businesses and strong private investment, are the key to a prosperous future for Africa. Initiatives like the recently launched African Continental Free Trade Area are an important step in the right direction.
WASHINGTON, DC/PORT LOUIS – At a time when the United States, once a standard bearer of multilateralism, is embracing protectionism, Africa has taken a bold step in the opposite direction, creating the world’s largest free-trade area since the establishment of the World Trade Organization in 1995. The African Continental Free Trade Area (AfCFTA), which came into force on May 30, includes nearly every country on the continent. And it proves, yet again, that Africa is on the move.
WASHINGTON, DC/PORT LOUIS – At a time when the United States, once a standard bearer of multilateralism, is embracing protectionism, Africa has taken a bold step in the opposite direction, creating the world’s largest free-trade area since the establishment of the World Trade Organization in 1995. The African Continental Free Trade Area (AfCFTA), which came into force on May 30, includes nearly every country on the continent. And it proves, yet again, that Africa is on the move.