Accelerating the implementation of the African Continental Free Trade Area (AfCFTA) would provide the region with much needed stimulus and drive the region’s long-term recovery and growth.
Deeper integration would boost incomes, create jobs, catalyse investments, and facilitate the development of regional supply chains. Intra-African trade remains small compared with the continent’s external trade. In 2020 just 18% of exports were to other African countries, lower than the equivalent shares in North America (30%), Asia (58%) or Europe (68%).
Categories:
