The African Continental Free Trade Area will help dismantle tariff and non-tariff barriers amid a pandemic and global recession. Accelerating Africa’s economic integration will cushion its fragile economies and help turn the continent into the world’s largest common market.
JOHANNESBURG – In 2018, 44 countries signed the African Continental Free Trade Area at an extraordinary summit in Kigali. There are now 54 signatories. The agreement will create a tariff-free economic environment to spur business growth, boost intra-continental trade, spark industrialization, and create jobs. To mitigate the economic fallout from COVID-19, African Union (AU) member countries and the continent's institutions should implement the AfCFTA swiftly.
JOHANNESBURG – In 2018, 44 countries signed the African Continental Free Trade Area at an extraordinary summit in Kigali. There are now 54 signatories. The agreement will create a tariff-free economic environment to spur business growth, boost intra-continental trade, spark industrialization, and create jobs. To mitigate the economic fallout from COVID-19, African Union (AU) member countries and the continent's institutions should implement the AfCFTA swiftly.