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The African Continental Free Trade Area (AfCFTA) [11] is a free trade area encompassing most of Africa. [12] [13] [14] It was established in 2018 by the African Continental Free Trade Agreement, which has 43 parties and another 11 signatories, making it the largest free-trade area by number of member states, after the World Trade Organization, [15] and the largest in population and geographic ...
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.
Stage 4: In March 2018, 49 African countries signed the African Continental Free Trade Agreement paving the way for a continent-wide free trade area. The continental free trade area became operational in July 2019, after 22 ratifications. [3] [4] As of 2021, 34 signatories have effectively become parties of the treaty. Stage 5: no progress yet
GUAM Organization for Democracy and Economic Development (GUAM) FTA [11] [12] - unclear application, the WTO was notified in only 2017 - multilateral free trade regime among 4 countries (International Trade Centre says there is no free trade area in operation with distinct rules from an Agreement on Creation of CIS Free Trade Area, was signed ...
"Silencing the guns: creating conducive conditions for Africa's development" [85] Agreement for African Continental Free Trade Agreement to become operational in July 2020. [87] Agreements to reduce gender gap and inequality and to "silence guns" on the continent. [87] 12th Extraordinary Summit on AfCFTA [88] Niger: Niamey: 4 – 8 July 2019
The AfCTFA was ratified on March 21, 2018, and it creates a single market for Africa bringing together over one billion people and two trillion USD. Intra-continental trade has struggling in the past with only 10.2% of trade in the continent being done in Africa in 2010. [14]
Iran free trade agreement [4] Serbia free trade agreement [5] Singapore free trade agreement [6] European Union Armenia qualifies to export its products under the EU's Generalized System of Preferences (GSP) Georgia [7] Ukraine [8] United States Armenia qualifies to export its products under the U.S. Generalized System of Preferences (GSP) program
Free trade agreements or free trade areas are listed as follows: List of multilateral free trade agreements; List of bilateral free trade agreements; See also.