The African Continental Free Trade Area enters into force today

trade promotion free agreement

The founding agreement of the African Continental Free Trade Agreement (AfCFTA) enters into force today. The required number of ratifications has already been deposited and the agreement can now become a binding international legal instrument.

It’s a historic achievement. By creating a single market of 1.3 billion people, it ushers in a new trade and development era.

The entry into force of the AfCFTA agreement is the first step towards the formation of a comprehensive free trade regime for Africa, under the auspices of the African Union (AU). The implementation will be incremental.