Africa is about to become the world’s largest free trade zone | WHAT REALLY HAPPENED


Africa is about to become the world’s largest free trade zone

South Africa’s and Togo’s parliaments this month ratified the agreement establishing the African Continental Free Trade Area (AfCFTA). The total number of countries committing to the deal has thus grown to 49.

Once the agreement comes into effect, it will create a tariff-free continent, covering a single market of 1.2 billion people in 55 nations with a combined gross domestic product of about $3 trillion.

It will constitute the largest free trade area globally, according to South African Trade and Industry Minister Rob Davies.

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