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The AfCFTA is one of the flagship projects of Agenda 2063: The Africa We Want. It is a high ambition trade agreement, with a comprehensive scope that includes critical areas of Africa’s economy, such as digital trade and investment protection, amongst other areas.
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In March 2018, at the 10th Extraordinary Session of the African Union on AfCFTA, three separate agreements were signed: the African Continental Free Trade Agreement, the Kigali Declaration; and the Protocol on Free Movement of Persons.
The African Continental Free Trade Area (AfCFTA) agreement will create the largest free trade area in the world measured by the number of countries participating. The pact connects 1.3 billion people across 55 countries with a combined gross domestic product (GDP) valued at US$3.4 trillion.
the African Continental Free Trade Area and the Action Plan for Boosting Intra-African Trade; COGNISANT of the launch of negotiations for the establishment of the Continental Free Trade Area aimed at integrating Africa’s markets in line with the objectives and principles enunciated in the Abuja Treaty during the
The AfCFTA is a flagship project of Agenda 2063 to boost intra-African trade and integration. It covers trade in goods, services, investment, intellectual property and competition policy, and has a secretariat in Ghana.
The AfCFTA is the world’s largest free trade area with 55 African countries and eight RECs. It aims to boost intra-Africa trade, industrialisation, investment and job creation by 2035.
The AfCFTA is a single market for 55 African countries and eight regional economic communities, aiming to boost intra-Africa trade and global competitiveness. Learn about the purpose, benefits and contributions of the AfCFTA to the African economy.
