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Largest Free Trade Area set for launch

Published on June 02, 2015

Preparations to launch the Grand Free Trade Area that will bring together half of the African continent into one common market are complete. The momentous occasion will take place on 10 June 2015 at the Egyptian resort city of Sharm El Sheikh during the 3rd Summit of the Tripartite Heads of State and Governments.

The Tripartite Free Trade Area (FTA) will be the largest economic bloc on the continent with a combined population of 625 million people and a Gross Domestic Product (GDP) of USD 1.2 trillion. It will account for half of the membership of the African Union and 58% of the continent’s GDP. The launch of the Tripartite will set the stage for the establishment of the Continental Free Trade Area (CFTA) in 2017. Read more. Source | COMESA