Organization:African Continental Free Trade Agreement

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African Continental Free Trade Agreement (AfCFTA)

AfricanContinentalFreeTradeArea.svg
Working languagesEnglish, French, Portuguese, Arabic, Spanish
Official languages
of contracting states
English, French, Portuguese, Arabic, Spanish
TypeTrade agreement
Membership
Establishment
• Agreement signed
21 March 2018

The African Continental Free Trade Agreement (AfCFTA) is a trade agreement between 44 African Union member states[1][2][3], with the goal of creating a single market followed by free movement and a single currency union.[4][5] The AfCFTA was signed in Kigali, Rwanda on 21 March 2018. Signing the Agreement does not yet establish the African Continental Free Trade Area. It will function as an umbrella to which protocols and annexes will be added. Once all documents are concluded and ratified by 22 states, the free trade area will formally exist.[6]

Negotiations will continue in 2018 with Phase II, including Competition Policy, Investment and Intellectual Property Rights. A draft shall be submitted for the January 2020 AU Assembly.[7]

Kenya and Ghana were the first countries to deposit the ratification instruments on 10th May 2018 after ratification through their parliaments.[8]

Partner states

Country Signed By afCFTA Consolidated Text Kigali Declaration Free Movement Protocol
 Algeria Prime Minister Ahmed Ouyahia Yes Yes No
 Angola President João Lourenço Yes Yes Yes
 Central African Republic President Faustin Archange Touadéra Yes Yes Yes
 Chad President Idriss Déby Yes Yes Yes
 Comoros President Azali Assoumani Yes Yes Yes
 Djibouti President Ismaïl Omar Guelleh Yes Yes No
 Equatorial Guinea Prime Minister Francisco Pascual Obama Asue Yes Yes Yes
 Gabon President Ali Bongo Ondimba Yes Yes Yes
 Gambia President Adama Barrow Yes Yes Yes
 Ghana President Nana Akufo-Addo Yes Yes Yes
 Ivory Coast Vice President Daniel Kablan Duncan Yes No No
 Kenya President Uhuru Kenyatta Yes Yes Yes
 Lesotho Prime Minister Tom Thabane No Yes Yes
 Mauritania President Mohamed Ould Abdel Aziz Yes Yes Yes
 Morocco Prime Minister Saadeddine Othmani Yes No No
 Mozambique President Filipe Nyusi Yes Yes Yes
 Niger President Mahamadou Issoufou Yes Yes Yes
 Republic of the Congo President Denis Sassou Nguesso Yes Yes Yes
 Rwanda President Paul Kagame Yes Yes Yes
President Mohamed Abdelaziz Yes Yes No
 Senegal President Macky Sall Yes Yes Yes
 Seychelles Vice President Vincent Meriton Yes Yes No
 South Africa President Cyril Ramaphosa No Yes No
 Sudan President Omar al-Bashir Yes Yes Yes
 Eswatini Prime Minister Barnabas Sibusiso Dlamini Yes Yes No
 Tanzania Prime Minister Kassim Majaliwa No Yes No
 Zimbabwe President Emmerson Mnangagwa Yes Yes No

References

  1. "African states agree massive trade bloc" (in en-GB). BBC News. 2018-03-21. https://www.bbc.com/news/world-africa-43489255. 
  2. "Africa Set to Agree $3 Trillion Trade Bloc, Without Key Economy" (in en). Bloomberg.com. 2018-03-21. https://www.bloomberg.com/news/articles/2018-03-21/africa-set-to-agree-3-trillion-trade-bloc-without-key-economy. 
  3. AfricaNews. "Forty-four countries sign historic African Union free trade agreement | Africanews" (in en). Africanews. http://www.africanews.com/2018/03/21/forty-four-countries-sign-historic-africa-union-free-trade-agreement/. 
  4. "African Union - African Continental Free Trade Area". https://au.int/sites/default/files/documents/33984-doc-qa_cfta_en_rev15march.pdf. 
  5. "African Continental Free Trade Area: What you need to know". https://www.aljazeera.com/news/2018/03/african-continental-free-trade-area-afcfta-180317191954318.htm. [yes|permanent dead link|dead link}}]
  6. Erasmus, Gerhard (22 March 2018). "How will the AfCFTA be established and its Legal Instruments be implemented?" (in en-gb). tralac Discussion (trade law center). https://www.tralac.org/discussions/article/12869-how-will-the-afcfta-be-established-and-its-legal-instruments-be-implemented.html. 
  7. "Decision on the draft agreement establishing the African Continental Free Trade Area (AfCFTA)". African Union. 21 March 2018. https://au.int/sites/default/files/decisions/34055-ext_assembly_dec_1x_e26_march.pdf. 
  8. "Kenya and Ghana to ratify instruments of African Continental Free Trade Area | African Union" (in en). https://au.int/en/newsevents/20180510/kenya-and-ghana-ratify-instruments-african-continental-free-trade-area.