World’s largest free trade market has been established in Africa. It has come into effect from this year only. This is the largest single market and is open for all 55 countries in Africa. The African Continental trade Area may be a landmark deal that brings together the continent’s multi-trillion-dollar economy into one bloc.
It is the culmination of years of work, negotiations and delays. On one hand, only 33 of the signatories have put the deal into effect. This has already been declared as a turning point for Africa’s economic future. But many argue that the continent lacks proper infrastructure to implement the agreement. So, is Africa ready for the free movement of products and people?
For more information:
https://www.aljazeera.com/program/inside-story/2021/1/1/is-africa-ready-for-a-free-trade-zone
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Data source: Al Jazeera