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How can the African Continental Free Trade Area provide business opportunities that will enhance industrialization in Africa in line with #Agenda2063 ?
in Agenda 2063 by Diamond (50,571 points) | 41 views

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1.    African Continental Free Trade Area (AfCFTA) has the potential to cover a large market (1.2 billion people) and create a gross domestic product (GDP = $2.5 trillion), spanning across all 55 member States of the African Union, thereby creating the world’s largest free trade area since the formation of the World Trade Organization.

2.    Africa has a highly dynamic market projected to reach 2.5 billion by 2050 and comprising a quarter of the projected world’s working age population with a an economic growth projected to be double that of the developed world.

3.    AfCFTA has potential to eliminate the excessively high tariffs on itra-African trade, thereby easing tra-African.

4.    Creation of huge opportunities for trading enterprises, businesses and consumers across Africa and the chance to support sustainable development.
by Silver Status (29,843 points)

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