World African leaders launch landmark 55-nation trade zone

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  1. tom_mai78101

    tom_mai78101 The Helper Connoisseur / Ex-MineCraft Host Staff Member

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    It took African countries four years to agree to a free-trade deal in March. The trade zone will unite 1.3 billion people, create a $3.4 trillion economic bloc and usher in a new era of development across the continent.

    Nigerian President Muhammadu Buhari and Benin's President Patrice Talon on Sunday signed a landmark trade agreement ahead of the accord's official launch at the African Union (AU) summit in Niger.

    AU commission chairman Moussa Faki dubbed the African Continental Free Trade Area (AfCFTA) deal a "historic" moment.

    Read more: Africa's vision for the future – much more than a free trade deal

    Fifty-four out of 55 AU member states agreed to the deal in March, with only Eritrea holding out. It took African leaders four years to reach an agreement on the continental free-trade zone, which is expected to usher in a new era of development in Africa.

    The AfCFTA is the largest trade bloc since the creation of the World Trade Organization in 1994.


    Read more here. (Deutsche Welle, DW)
     

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