The African Continental Free Trade Agreement (AfCFTA) is a crucial agreement that has the potential to transform the African continent. Signed in March 2018, the AfCFTA aims to create a single market for goods and services, with free movement of people and capital across the continent.
The agreement is designed to promote trade within Africa, by reducing trade barriers and increasing competitiveness. It is expected to increase intra-African trade by up to 50%, which will have a significant impact on economic growth and development in the region.
The AfCFTA is made up of 55 countries across the continent, with a combined population of 1.2 billion people and a combined gross domestic product of $2.5 trillion. The agreement is expected to create a market of over a billion consumers, making it one of the world`s largest free trade agreements.
The AfCFTA will provide a platform for African countries to trade more effectively with each other, using a single set of rules and regulations. It will also help to promote industrialization and diversification of African economies, by providing a larger market for locally produced goods and services.
The AfCFTA PDF is available for download online, and it provides a comprehensive overview of the agreement. The document outlines the key objectives of the AfCFTA, the expected benefits, and the legal framework that will govern the agreement.
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In conclusion, the African Continental Free Trade Agreement is a significant development for the African continent, with the potential to unlock economic growth and development. The availability of the AfCFTA PDF makes it easy for interested parties to understand the agreement`s details and get involved in its implementation. It is important for African countries to take advantage of this opportunity and work together towards a more prosperous future.