55 African countries have signed the AfCFTA agreement which will cover a 3-trillion-dollar Gross Domestic Product.has described the African Continental Free Trade Area agreement as the realisation of the African forefathers’ dream.55 African countries have signed the AfCFTA agreement which will cover a 3-trillion-dollar Gross Domestic Product.
Nigeria was the last country to sign the agreement on Sunday at the African Union Summit in the capital of Niger, Niamey. Ramaphosa says, “Africa is fulfilling the dream of the founders of the OAU when they conceptualized the formation of an integrated Africa. This is where SA stands to gain a great deal; because as the industrial powerhouse of the continent, we are going to be able to reap the benefits knowing that those products can penetrate various markets on a tariff-free basis or near-tariff-free basis.”
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