African heads of state and global CEOs at the World Economic Forum annual meeting backed the launch of the first of its kind report on how public-private partnerships can support the implementation of the African Continental Free Trade Area. The AfCFTA is the largest free trade area in the world, by area and number of participating countries. Once fully implemented, it will be the fifth-largest economy in the world, with the potential to have a combined GDP of more than $3.4 trillion. Conceived in 2018, it now has 54 national economies in Africa, could attract billions in foreign investment, boost overseas exports by a third, double intra-continental trade, raise incomes by 8% and lift 50 million people out of poverty.
Source : Business Ghana
