Growing intra-African trade
THE African Continental Free Trade Area (AfCFTA), which came into force in January, is a huge opportunity to strengthen Africa’s position within the global trading system.
The AfCFTA is one of the largest free trade areas in the world, with a combined market of 1.2 billion people across 55 countries, and will ensure that the continent benefits from increased trade as a bloc. It represents a long-term process of continental integration, and is undeniably a powerful tool to open opportunities.
Currently intra-African trade is very low, standing at only 16% compared to
