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Nine of the member states formed a free trade area in 2000 (Djibouti, Egypt, Kenya, Madagascar, Malawi, Mauritius, Sudan, Zambia and Zimbabwe), with Rwanda and Burundi joining the FTA in 2004, the Comoros and Libya in 2006, Seychelles in 2009, Uganda in 2012 [4] and Tunisia in 2018. COMESA is one of the pillars of the African Economic Community.
The TFTA entered into force on July 25, 2024, after the requirement of 14 countries ratifying the agreement had been met. [ 2 ] [ 4 ] The 14 countries that now trade under the TFTA are Angola, Botswana, Burundi, Egypt, Eswatini, Kenya, Lesotho, Malawi, Namibia, Rwanda, South Africa, Uganda, Zambia and Zimbabwe, accounting for 75% of tripartite ...
A free trade area is the region encompassing a trade bloc whose member countries have signed a free trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers, import quotas and tariffs, and to increase trade of goods and services with each other.
The biggest difference in the idea of the original Cape to Cairo zone and its current incarnation is that the African Free Trade Zone is the creation of African Countries for the mutual benefit and development of the AFTZ member countries, their peoples and the whole of continent of Africa rather than a trade zone for the benefit of Great Britain.
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The Regional Economic Communities (RECs) in Africa group together individual countries in subregions for the purposes of achieving greater economic integration. They are described as the "building blocks" of the African Union and are also central to the strategy for implementing the African Development Development Agency (AUDA-NEPAD).
A multilateral free trade agreement is between several countries all treated equally, and creates a free trade area. Every customs union, common market, economic union, customs and monetary union and economic and monetary union is also a free trade area, and are not included below.
State (57) [1] GNI [2] Currency [3] UN [4] AU [5] Interregional South African West African Central African East African North African CEN-SAD COMESA CEPGL SADC SACU ECOWAS UEMOA
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