AfCFTA: The Need for Cautious Optimism in Assessing its Economic Impact


The Treaty (“Agreement” or “AfCFTA Treaty”) establishing the African Continental Free Trade Area (“AfCFTA”), was birthed on 21 March 2018 at the end of the Extra Ordinary Summit of the Assembly of Heads of States and Governments of the African Union which held in Kigali, Rwanda.  At that epoch Session, 44 out of the 55 Member States signed the Treaty and it came into effect on 30 May 2019. With estimated population of 1.3 Billion and combined nominal GDP of $2.5 Trillion, Africa’s huge market remains untapped. This Treaty which creates the world’s largest free trade area, since the formation of the World Trade Organization (WTO),

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