The African Continental Free Trade Area, if implemented successfully, promises an economic fortune in Africa. The free trade area will awaken the untapped potential and increase prosperity through increased intra-African trade. Currently, intra-African trade is meagre, contributing to only 14.4 per cent of Africa’s total exports. A statement by the United Nations Conference on Trade and Development (UNCTAD) says the AfCFTA has the potential to increase intra-African trade by up to 33 per cent and cut the continent’s trade deficit by 51 per cent.
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