AfCFTA: Where are we now?
The Africa Continental Free Trade Agreement (AFCFTA), which is aimed at creating a single continental market for trade in goods and services within Africa, was established in 2018, with 54 countries signing on to the agreement with the exception of Eritrea. The AFCFTA is the largest trade agreement in the world when assessed by the number of participating countries, with a combined GDP valued at $3.4trillion. The agreement seeks to optimize natural and human capital resources in the continent by facilitating greater Intra African trade and investment that would enable greater economic growth and improved productivity in Africa.
