What is the African Continental Free Trade Area (AfCFTA) ?
By 2063, Africa is expected to show improved standards of living; transformed, inclusive and sustained economies; increased levels of regional and continental integration; a population of empowered women and youth and a society in which children are cared for and protected; societies that are peaceful, demonstrate good democratic values and practice good governance principles and which preserve and enhance Africa’s cultural identity.
What is the aim ?
Create a people-centred developmental Free Trade Area that goes beyond tariff liberalisation to increase choices of the African people. Create a Free Trade Area that will enable Africa to address many of the continent’s most significant challenges, including youth unemployment, migration, skills development, women’s empowerment, industrialisation and infrastructure development and that will enable Africa to strengthen its trade and investment relations; thereby unleashing its business potential including in its service sector.