African Continental Free Trade Area Discussion
Time & Location
About the Event
The 18th Ordinary Session of the Assembly of Heads of State and Government of the African Union, held in Addis Ababa, Ethiopia in January 2012, adopted a decision to establish an African wide Continental Free Trade Area (AfCFTA) by an indicative date of 2017. The Summit also endorsed the Action Plan on Boosting Intra-Africa Trade (BIAT) which identifies seven clusters: trade policy, trade facilitation, productive capacity, trade related infrastructure, trade finance, trade information, and factor market integration. The AfCFTA will bring together fifty-five African Union Member States with a combined population of more than one billion, two hundred million people and a combined gross domestic product of more than US $2.5 trillion.