African leaders launch 55-nation trade zone
4 months, 1 week ago by john | 9 facts | 1 comments | 27 votes

  • Amaka Anku, Africa analyst at Eurasia group, said the deal was a positive step but AfCFTA was still "a long way from taking off." - www.dw.com
  • The trade zone will unite 1.3 billion people and create a $3.4 trillion economic bloc - www.dw.com
  • It took African leaders four years to reach an agreement on the continental free-trade zone - www.dw.com
  • Members have committed to eliminate tariffs on most goods, which will increase trade in the region by 15-25%. - www.nytimes.com
  • Free trade to start in July 2020; lift 90% of tariffs by 2030 - www.bloomberg.com
  • See all the facts

john - 4 months, 1 week ago
I think this is great news for Africa. I wonder if South America already has their own unified trade agreement or if they'll be the last continent to get one.
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