How Africa Is Building a $3 Trillion Free-Trade Future


While the U.S. and China are trying to outdo each other with import tariffs and the U.K. is wants to break away from the European Union, African leaders are working a free-trade agreement that will cover a whole continent. Talks to establish the African Continental Free Trade Area started in 2015 and while many signatures of the 55-member African Union are still outstanding, Ghana and Kenya on May 10 became the first countries to ratify the deal. Supporters dream that every nation on the continent will eventually join and create a trade bloc with a combined gross domestic product of more than $3 trillion.

1. What’s the African Continental Free Trade Area?

It’s a project driven by the AU to eliminate tariffs on intra-Africa trade of goods and services and create a single…

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