AFRICAN CONTINENTAL FREE TRADE AREA (AFCFTA) HAS CREATED A BORDERLESS MARKET WORTH $34 TRILLION

Trade is the fundamental driver of economies around the globe. Regardless of economic cycles and the implications of macro events, the economies if all countries around the world continues to be driven by parties trading commercially in exchange of goods.

 

Therefore, smooth settlement of commercial contracts and smooth exchange of goods to satisfy the demands of the end consumers is paramount.

 

The African Continental Free Trade Area (AfCFTA) has created a borderless market worth $34 trillion. This would reduce contraction in growth caused by COVID-19, reduce inequality and poverty trends and encourage an inclusive continental growth.