Creating One African Market
The AfCFTA is one of the flagship projects of Agenda 2063: The Africa We Want. It is a high ambition trade agreement, with a comprehensive scope that includes critical areas of Africa’s economy, such as digital trade and investment protection, amongst other areas. By eliminating barriers to trade in Africa, the objective of the AfCFTA is to significantly boost intra-Africa trade, particularly trade in value-added production and trade across all sectors of Africa’s economy.
AU MEMBER STATES HAVE SIGNED THE AfCFTA AGREEMENT AS OF JUNE 2022
THE AfCFTA HAS 43 STATE PARTIES AS OF JULY 2022
PEOPLE WILL POTENTIALLY BE LIFTED OUT OF EXTREME POVERTY
INCOME BOOST IN AFRICA BY 2035: A 7% GAIN