African Continental Free Trade Agreement Objectives

After the Kigali summit, more signatures were added to the AfCFTA. At the African Union summit in Nouakchott on 1 July 2018, five other nations, including South Africa, joined the agreement. Kenya and Ghana were the first nations to ratify the agreement and deposit their ratifications on 10 May 2018. [2] Of the signatories, 22 had to ratify the agreement in order for it to enter into force on 29 April 2019, when Sierra Leone and the Sahara Arab Democratic Republic ratified the agreement. [7] As a result, the agreement entered into force 30 days later, on May 30, 2019; At that time, only Benin, Nigeria and Eritrea had not yet signed. It is not yet clear how the ongoing negotiation process will unfold. While the goal of creating a single African Free Trade Area under the aegis of the African Union could give the impression that the result will be a single instrument of African liberalization, under which each country will make its offer of liberalization to all other members of the African Union before a single agreement is negotiated on that basis. This would be in line with the WTO approach. But it already appears that the process will not develop in this way. .


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