What is the AfCFTA?

The African Continental Free Trade Area (AfCFTA) is, in addition to being a free trade area, a flagship project of the African Union (AU) in terms of Agenda 2063. It offers a member-driven blueprint for attaining inclusive and sustainable development across the continent. It is anchored in an overarching Agreement, Protocols and additional Annexes and appendices. They constitute a single undertaking. The AU Summit adopted the AfCFTA Agreement in March 2018, in Kigali, Rwanda. The general objectives of the AfCFTA, are, according to its own Agreement, to: » create a liberalised market for goods and services through successive rounds of negotiations » contribute to the movement of capital and natural persons and facilitate investments by building on the initiatives and developments in the State Parties and the Regional Economic Communities (RECs) » lay the foundation for a Continental Customs Union at a later stage; to promote and attain sustainable and inclusive socio-economic development, gender equality and structural transformation of the State Parties » enhance the competitiveness of the economies of State Parties » resolve the challenges of multiple and overlapping memberships and expedite the regional and continental integration processes.

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