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Launch of the Continental Free Trade Area: New prospects for African trade?

Published on June 30, 2015

he African Union (AU) summit formally launched negotiations for a Continental Free Trade Area (CFTA) at its meeting in Johannesburg, South Africa on 15 June.  The CFTA is a priority initiative under the AU’s Agenda 2063 which has laid out a vision for the trajectory of African development during the next five decades.  The CFTA is one of the pillars for the implementation of the Agenda 2063 aspiration for a prosperous Africa based on inclusive growth and sustainable development.  This aspiration is predicated on the implementation of policies aimed at achieving systematic convergence with more developed countries and regions and growing integration into the global economy as a respected partner. Read more. Source| Bridges Africa