Africa: New Pan-African Trade Deal Could Be the Anti-Brexit and Unleash Continent s United Economic Potential, Report Finds allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
New pan-African trade deal could be the “anti-Brexit” and unleash continent’s economic potential
Published 3 months ago
The African Continental Free Trade Area (AfCFTA), due to launch in January 2021, is likely to be a watershed for African regional and international agri-food trade, a new report has found.
The AfCFTA will be one of the largest free trade areas in the world since the establishment of the World Trade Organization (WTO), covering a market of more than 1.2 billion people and up to US$3 trillion in combined GDP. The agreement also creates the opportunity to increase intra-African trade by more than 50 per cent, adding an estimated US$76 billion in income to the rest of the world.