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  2. African Free Trade Zone - Wikipedia

    en.wikipedia.org/wiki/African_Free_Trade_Zone

    The AFTZ (EAC, COMESA and SADC) currently have a combined population of 527 million and combined GDP of US$625 billion. In size and capacity, the AFTZ rivals most trade blocks. The SADC is the largest of the AFTZ member trade blocks and covers a population of some 248 million people and a zone whose cumulative GDP is $379bn in 2006.

  3. African Economic Community - Wikipedia

    en.wikipedia.org/wiki/African_Economic_Community

    Currently there are multiple regional blocs in Africa, also known as Regional Economic Communities (RECs), many of which have overlapping memberships. The RECs consist primarily of trade blocs and, in some cases, some political and military cooperation. Most of these RECs form the "pillars" of AEC, many of which also have an overlap in some of ...

  4. African Continental Free Trade Area - Wikipedia

    en.wikipedia.org/wiki/African_Continental_Free...

    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 ...

  5. What is BRICS and who are its members? - AOL

    www.aol.com/news/factbox-brics-members-070432060...

    Here are some key facts about the bloc and its members. The acronym BRIC, which did not initially include South Africa, was coined in 2001 by then Goldman Sachs chief economist Jim O'Neill in a ...

  6. Common Market for Eastern and Southern Africa - Wikipedia

    en.wikipedia.org/wiki/Common_Market_for_Eastern...

    In 2008, COMESA agreed to an expanded free-trade zone including members of two other African trade blocs, the East African Community (EAC) and the Southern Africa Development Community (SADC). COMESA is also considering a common visa scheme to boost tourism. [5]

  7. Regional Economic Communities - Wikipedia

    en.wikipedia.org/wiki/Regional_Economic_Communities

    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).

  8. Trade bloc - Wikipedia

    en.wikipedia.org/wiki/Trade_bloc

    A common market is seen as a stage of economic integration towards an economic union [8] or possibly towards the goal of a unified market.. A single market is a type of trade bloc in which most trade barriers have been removed (for goods) with some common policies on product regulation, and freedom of movement of the factors of production (capital and labour) and of enterprise and services.

  9. Tripartite Free Trade Area - Wikipedia

    en.wikipedia.org/wiki/Tripartite_Free_Trade_Area

    Negotiations between the three trade blocs first began in June 2011. [1] On June 10, 2015, a deal was signed in Egypt, pending ratification by the participating countries. [3] The TFTA entered into force on July 25, 2024, after the requirement of 14 countries ratifying the agreement had been met.