African Continental Free Trade Agreement to benefit infrastructure & industrial development
The African Continental Free Trade Agreement (AfCFTA) would combine market integration with infrastructure development, and industrial development to boost intra-Africa trade and sustainable economic growth.
The African Union created the agreement which was signed on by 54 of its 55 member states in Kigali, Rwanda on 21 March 2018.
The agreement “initially requires members to remove tariffs from 90% of goods, allowing free access to commodities, goods, and services across the continent.”
The 54 Member States are expected to eliminate restrictive measures that affect trade in services. This would be done through the reduction and removal of market access barriers.
Virginie TICHA International Federation of Consular Chambers for Africa - F.I.C.A #AfCFTA #FTA #tradefacilitation #globaltrade #marketaccess #crossbordertrade #economicgrwoth #gtdwchina #africa #africatrade #globaltrade #internationaltrade