African Free Trade Agreement 2018 Pdf


The African Continental Free Trade Area (AfCFTA) agreement was signed in Kigali, Rwanda on March 21, 2018. This historic agreement will create a single market for goods and services, with free movement of people and investments across 54 African countries. The agreement is expected to boost intra-African trade, which currently accounts for only 16% of the continent`s total trade.

The AfCFTA agreement is a significant milestone for the continent and is expected to have a positive impact on the economies of member countries. By creating a single market, the agreement aims to increase competition, lower prices, and spur innovation. The agreement is also expected to help African countries move away from a reliance on exports of raw materials and towards value-added products and services.

The AfCFTA agreement is accompanied by a protocol on trade in goods, a protocol on trade in services, and a protocol on rules and procedures for the settlement of disputes. The protocols outline the rules and regulations that will govern the free trade area and provide a framework for future negotiations.

The AfCFTA agreement was ratified by the required number of countries in April 2019, and the free trade area officially launched on January 1, 2021. As of April 2021, 54 African countries have signed the agreement, with 41 countries ratifying it.

For those interested in learning more about the AfCFTA agreement, the full text of the agreement and the protocols can be found in the African Union`s website. In addition, the African Union has published a frequently asked questions (FAQs) document, which provides further information on the agreement and its implementation.

In conclusion, the AfCFTA agreement is a significant step forward for the continent and has the potential to transform the African economy. By creating a single market, the agreement aims to increase trade and investment, promote economic growth, and improve the lives of millions of people across the continent. With the full text of the agreement and other resources available online, it is easier than ever to learn about this historic agreement and its potential impact.