Understanding the African Continental Free Trade Area

When analyzed independently, many African countries may not be economically viable and attractive to global market players. However, under the single market framework of the African Continental Free Trade Area (AfCTFA), the continent’s prospect for global production, value chain management and consumption capacity rises.

What does AfCFTA mean?

The proposed Continental Free Trade Area (CTFA) for Africa is a market integration agreement that presents an equal opportunity open market to all participating countries in the region. The plan would substantially remove obstructions to movement of goods and services across the continent at the initial implementation stage with the hope of progressing into a customs union with free movement of capital and business persons.

This initiative is…

Read More

  • 1