Africa is a patchwork of regulations and tariffs, and trade between countries have suffered as a result. A united African continent working towards common goals would be a major force on the global economic stage.
The African Continental Free Trade Area (AfCFTA) is the biggest free trade agreement since the establishment of the World Trade Organization. The objective of the agreement is to create a single continental market for goods and services, with free movement of business people and investments.
Earlier this week, The Gambia was the 22nd country to announce that its government has ratified the agreement, meeting the threshold to officially put the wheels in motion.
Even though the threshold for pushing AfCFTA forward has been reached, Nigeria’s lack of commitment is still a major blow to the strength and credibility of the agreement.
To read more on Africa’s free trade ambitions, visit visualcapitalist.com
As the EU struggles with Brexit, the African Union is working towards a more integrated continent.
Despite the glaring challenges of unifying a multifaceted continent, the AU is hopeful that African leaders will become more open to the idea of a free trade area and unifying passport.
But how achievable is a ‘United States of Africa?’
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#AfricanUnion#PanAfricanism#United StatesofAfrica #AfCFTA#AfricanUnionPassport ...
Nigeria has officially joined #AfCFTA . A new day for Africa! ...
Took His Excellency, Ambassador Albert Muchanga, African Union Commissioner for Trade and Industry for a quick tour of Chicago. It was his first time and I had to show him my adopted city ☺️... He is the brains behind the African Continental Free Trade Agreement (AfCFTA). Amazing leader and visionary.
At the Extraordinary Summit of the #AfricanUnion to launch the operational phase of the #African Continental Free Trade Area #AfCFTA :
a tool to unleash innovation, drive growth, transform economies & contribute to a prosperous & peaceful continent, as foreseen in #Agenda2063 & #2030Agenda ...
#Afcfta Thank you, Prudence Sebahizi, (interim HEAD of the AfCFTA Secretariat, & Head of Unit at AU Commission) for surprising 3 of us (my Convenor boss of AfCFTA Ghana included) when he asked us to stand by him on the podium ( IN FRONT OF AU Deputy Chairperson Quartey; Hon. Kyerematen; Ambassador Albert Muchanga; other government officials!!) as he presented the Afcfta mobile app; the Africa Trade Observatory; and the Afcfta website.
Prudence says there is a chatroom within the app. " *_Soon, we will be saying goodbye to whatsapp_*", he added
We were not allowed to leave the podium without a picture.
This is not fair. I would have worn my fugu and done some cartwheels...😂😂 ...