{"id":103715,"date":"2021-01-01T07:40:10","date_gmt":"2021-01-01T07:40:10","guid":{"rendered":"https:\/\/fin2me.com\/?p=103715"},"modified":"2021-01-01T07:40:10","modified_gmt":"2021-01-01T07:40:10","slug":"africa-heralds-onset-of-free-trade-pact-after-years-of-talks","status":"publish","type":"post","link":"https:\/\/fin2me.com\/politics\/africa-heralds-onset-of-free-trade-pact-after-years-of-talks\/","title":{"rendered":"Africa Heralds Onset of Free-Trade Pact After Years of Talks"},"content":{"rendered":"

The first goods will begin to flow under an Africa-wide free-trade pact on Friday, the culmination of more than five years of negotiations on cutting cross-border tariffs.<\/p>\n

The accord comes to fruition at a time when trade tensions are rising across much of the rest of the world. The 55-nation Africa Union will mark the occasion in a ceremony that comes just hours after the U.K. leaves the European Union\u2019s single market and a new post-Brexit trade agreement enters into force.<\/p>\n

Africa could be the world\u2019s biggest free-trade zone by area when its treaty becomes fully operationally by 2030. The bloc has a potential market of 1.2 billion people and a combined gross domestic product of $2.5 trillion.<\/p>\n

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<\/path><\/g><\/svg>Africa is ready for intra-African trade, one African market, breaking trade barriers, and boosting African economies.
\nJoin us for the launch ceremony of the <\/span>#AfCFTA<\/span> <\/span>#StartofTrading<\/span> <\/span><\/span><\/span> <\/span>http:\/\/<\/span>bit.ly\/AfCFTAStartOfTrading<\/span>\u2026<\/span>
\n<\/span>#OneAfricanMarket<\/span> <\/span>#IntraAfricanTrade<\/span> <\/span>#Africa<\/span> <\/span>#BreakingTradeBarriers<\/span>8:01 AM \u00b7 Dec 30, 2020<\/span><\/p>\n

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<\/path><\/g><\/svg>119<\/span><\/p>\n

<\/path><\/g><\/svg>71 people are Tweeting about this<\/span><\/article>\n