African free trade agreement comes into force today

João Lourenço

João Lourenço

The African Continental Free Trade Agreement (AfCFTA), which aims to create a single market for products and services for 55 countries, has entered into force today, although its official launch is scheduled only for July.

"An historic mark!", said Albert Muchanga, commissioner for Trade and Industry of the African Union (AU) Commission, in his Twitter account, noting that the agreement "came into force today".

The agreement, which aims to create the largest free trade zone in the world, has reached the legal limit to be approved by a minimum of 22 nations on April 30. Currently, 23 countries have signed the agreement.

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