On 1 January 2021, Africa officially started trading under the African Continental Free Trade Area (AfCFTA) Agreement.
As of February, 54 of the 55 African Union Member States have signed on. Thirty-six countries (including 19 African least developed countries, or LDCs) have deposited their instruments of ratification, confirming them as State Parties to the agreement (see Table 1). As with many trade agreements, signing then ratification is a prerequisite to enjoying any benefits. Read More.