An African Union summit in Niger signed off on the deal agreed in March after four years of negotiations. It aims to unite 1.3 billion people and cover $3.4tn in exports.
The newly signed African free trade agreement is hailed as a huge step forward by some, but criticized as a mammoth project with little chance of ever coming true by others.
The Agenda 2063 is meant to bring Africa together in a multitude of ways. However, at an AU summit in Niger, the main focus will be on a free trade agreement, with little time for other issues.
Trade within Africa has enormous potential. Whether a new free trade zone on the continent will realize that potential is up to the more than 50 nations participating in it, writes DW's Claus Stäcker.
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.
© 2019 Deutsche Welle |
Legal notice |
| Mobile version