African Continental Free Trade Area is a positive step but no panacea

  • The AfCFTA was implemented on 1 January, creating the world’s 2nd largest free trade bloc by area and 3rd by population

  • Implementation will be phased over the next decade, with a limited impact expected over the short-to-medium term

  • Long-term benefits could be substantial, but legacy barriers remain and AfCFTA is only the first of many needed steps
January 13th, 2021
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