AFRICAN CONTINENTAL FREE TRADE AREA (AfCFTA) by Jennifer Okpala

August 25, 2018 18:58 pm

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The 18 th ordinary session of the Assembly of Heads of States and Governments of the African Union, held in Addis Ababa, Ethiopia in January 2012, adopted a decision to establish an African Continental Free Trade Area (AFCFTA) with an indicative date of 2018. The free trade area is to include all fifty-four (54) African countries with a population of more than one billion people and a combined gross domestic product (GDP) of more than US $3.4 trillion. 2 Subsequently in June 2015, at the twenty-fifth summit of the African Union held in South Africa, negotiations towards the establishment of AFCFTA were launched.

The lack of intra-African Trade can however be adduced to the fact that many African countries are poor and can hardly produce anything their neighbouring countries might want to trade. Furthermore, the Historical effect of Africa’s geography (with specific reference to River Niger) makes it difficult for countries within the River Niger area to move their goods inside the continent.

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AFRICAN CONTINENTAL FREE TRADE AREA (AfCFTA) by Jennifer Okpala

AFRICAN CONTINENTAL FREE TRADE AREA (AfCFTA) by Jennifer Okpala

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