By Patrick Soko
The historic African Free-Trade Zone came into force last month, as the African Union celebrated making one more step toward creating a continent-wide market of 1.2 billion people worth 2.5 trillion u-s dollars.
Fifty-Two of the A-U’s 55 Member States have signed the agreement to establish the Free Trade Area since March 2018, with the notable exception of Nigeria, the largest economy on the continent.
The African Continental Free Trade Area had been ratified by 22 countries by April 29, the requisite number for formally notifying the AU.
That paved the way for it to take effect 30 days later as stipulated in its statutes.
Our Staffer, Patrick Soko has more the following report.