The long awaited African Continental Free Trade Area (AfCFTA) is finally here. Trading commenced on January 1, 2021. This marks a celebrated milestone for intra-Africa trade .
The African Continental Free Trade Area (AfCFTA) agreement will create the largest free trade area in the world measured by the number of countries participating. The Pact connects 1.3 billion people across 55 countries with a combined gross domestic product (GDP) valued at US$3.4 trillion. It has the potential to lift 30 million people out of extreme poverty, but achieving its full potential will depend on putting in place significant policy reforms and trade facilitation measures.
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