African Continental Free Trade Area Agreement

The African Continental Free Trade Area (AfCFTA) which unites the 55 members of the African Union (AU) and eight Regional Economic Communities (RECs), is the largest free trade area in the world. It has an overarching goal of establishing a single continental market with a combined GDP of around US$3.4 trillion and a population of over 1.3 billion. One of the centerpiece initiatives of Agenda 2063: The Africa We Want, the African Union’s long-term development plan for making the continent a worldwide superpower, is the AfCFTA. The AfCFTA is to Africa what the European Union Free Trade is to Europe.…