February 23, 2021 Omaplex 0 Comments

Although the AFCTA is yet to be ratified by all 55 state members of the AU, as the name implies, the major objective of the AFCTA is to create a single continental market for goods and services in Africa; a ‘‘Free to Trade” Area where businesses, persons and investments can enjoy free movement thus paving the way for the harmonization and facilitation of businesses across Africa in general. The AFCFTA is also expected to enhance competitiveness at the industry and enterprise level through exploitation of opportunities in the trade in goods, trade in services, investment and intellectual property rights.