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Can Africa’s free trade agreement transform the continent? |
Niamey, Niger , 15.07.2019 |
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This step was, by any measure, a significant move. Nigeria, Africa’s largest economy, has finally accepted, after nearly four months of delay, to sign an agreement launching the African Continental Free Trade Area –– AfCFTA for short.
The AfCFTA aims to, among several other cardinal objectives, create a single market for goods and services and facilitate the free movement of people, capital, goods and services.
Nigeria had delayed signing the agreement, saying it needed to hold consultations with trade unions and local manufacturers.
President Buhari failed to attend a ceremony in the Rwandan capital Kigali in late March last year where 44 out 55 member states signed the agreement to open up their borders and eliminate barriers to trade.
odkaz na stránku |
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