AfCFTA: The historic trade agreement launches today

Muhammadu Buhari, and other African leaders will be launching the African Continental Free Trade Area (AfCFTA) today, July 7. The launch will take place at the 35th Ordinary Session of the Executive Committee of the Meeting of the African Union at the Palais des Congres in Niamey, the Nigerien capital.

The landmark free trade agreement is expected to progressively eliminate tariffs among African Union members, creating the world’s largest free-trade area since the formation of the World Trade Organization. Also, other issues such as looming security and migration crises on the continent will be addressed.AfCFTA: African leaders set to sign landmark trade deal at AU Summit

The AFCTA is expected to bring together 55 countries into even though 23 countries have signed so far, with Nigeria, Eritrea, and Benin.

However, just like Nigeria, Benin has agreed to sign With the latest development, Eritrea becomes the loner yet to sign up to the deal.

The AU’s Commissioner for Trade and Industry Albert Muchanga, on Friday, disclosed that Benin had also declared that it will sign up on the same day that Nigeria does.

Posted by

AsToldbyAda is an informational website filled with different kinds of spice to fill your daily curiosity. A quick way to credible news. It was incorporated in April 2018. Our mission is to provide the ideal platform for Nigerians in diaspora to gain a deeper insight into day to day affairs in Nigeria. Foreigners looking forward to a visit or those that are just curious to know more about Nigeria will also find a place of comfort here.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s