The Africa Continental Free Trade Area(AFCFTA) is an organization which have been set up by Africa nations that make up the African continent to create the largest free trade in the world. The organization aims at connecting all the 54 African countries and if successfully implemented will bear good fruits.
An estimate of $3.4 trillion gross domestic product will be made if all these African countries came together. According to the collective GDP statitics Africa will not be taken seriously as a market, until it becomes a single economic block. For the economy of Africa to be considered among the 5 largest economies in the world, it will require the formation of a single free trade area in the continent.
These kind of statitstics should be an alarm to the African governments of different African countries in the continent, to come to a realization that there is a need for a shift towards the kind of governance, that produces economic prosperity and progress and way from the self-serving rule that has characterized the same countries.
The AFCFTA is expected to be the largest single free trade area in Africa, linking together the 55 countries of the African Union(AU) and other 8 Regional Economic Communities(RECs). The overall mandate of the free trade area(AFCFTA) is to create a single continent market with a population of about 1.3 billion people and combined GDP of approximately 3.4 trillion US dollars.
The free trade area in Africa, will eliminate barriers to trade and boost trade between Africa countries. AFCFTA will focus on enhancing trade in value added production across service sectors of the African economy.