Africa officially starts trading under AfCFTA

January 3, 2021 The Independent 0 Comments

The AfCFTA, which was launched in March 2018 in the Rwandan capital, Kigali, has so far garnered 54 AU member signatories, offering new hope and continental exhilaration in terms of boosting intra-African trade, and eventually facilitating Africa’s development and industrialization. Eritrea is the only non-signatory country. Once fully operational, the African free trade accord has the potential of boosting the level of intra-Africa trade by more than 52 percent by the year 2022, according to the United Nations Economic Commission for Africa. According to the African Union (AU) Commission, the start of trading under the AfCFTA is a “fulfillment of a dream.” Read More.

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