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ARTICLE · 02 NOVEMBER 2018

African Continental Free Trade Area (AfCFTA)

Furthermore, there is the need for harmonization of business laws in Africa.

NigeriaInternational Law

INTRODUCTION

The 18th ordinary session of the Assembly of Heads of States and Governments of the African Union, held in Addis Ababa, Ethiopia in January 2012, adopted a decision to establish an African Continental Free Trade Area (AFCFTA) with an indicative date of 2018.1The free trade area is to include all fifty-four (54) African countries with a population of more than one billion people and a combined gross domestic product (GDP) of more than US $3.4 trillion.2 Subsequently in June 2015, at the twenty-fifth summit of the African Union held in South Africa, negotiations towards the establishment of AFCFTA were launched.

The lack of intra-African Trade can however be adduced to the fact that many African countries are poor and can hardly produce anything their neighbouring countries might want to trade. Furthermore, the Historical effect of Africa's geography (with specific reference to River Niger) makes it difficult for countries within the River Niger area to

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