Understanding the AfCFTA

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Amid COVID-19, Africa has seen challenges that are affecting trade. This includes a moving effective date for the African Continental Free Trade Agreement, which slid from July 2020 to January 2021, to avoid distracting African leaders as they respond to the pandemic. Nevertheless, there is a push to have the continent move forward with the implementation of the AfCFTA, to spur further collaboration and intra-Africa trade. Once implemented, the agreement will create a US$3.4 trillion economic bloc, which would provide Africa with increased leverage in the global economy.

Source: UK department for international trade  

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