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ARTICLE · 30 SEPTEMBER 2019

The African Continental Free Trade Area: Unfolding Changes

The agreement establishing the African Continental Free Trade Area ("AfCFTA" or "the Agreement") has entered into force, albeit trading with the Agreement will not commence until 1 July 2020.

NigeriaInternational Law

The agreement establishing the African Continental Free Trade Area ("the Agreement" or "AfCFTA") is arguably the most discussed economic subject out of Africa. Now the largest free trade agreement (FTA) since creation of the World Trade Organisation (WTO), it is easy to understand the attention.

Considering how long Africa has unsuccessfully attempted to set-up a pan-African economic community, recent steps towards developing a working FTA have surprisingly advanced very quickly.

This progression has moved many businesses to quick thinking, as they look to align their business models with trade patterns that could evolve as a result of the Agreement. However, several businesses have indicated a significant challenge with putting together a robust response to the AfCFTA.

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