But experts view the New Year's Day launch as largely symbolic with full implementation of the deal expected to take years.
Backers say it will boost trade among African neighbours while allowing the continent to develop its own value chains. The World Bank estimates it could lift tens of millions out of poverty by 2035. Trade under the AfCFTA was meant to be launched on July 1 but was pushed back after COVID-19 made in-person negotiations impossible.
_AfricanUnion clarity as AFCFTA hinges on private sector. 1st questions, so we can move past symbolism quickly: 1. What practical steps does the priv sector need to take; 2. Which industries; & 3. How?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: