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A unified African market in the offing

Published on January 19, 2016

The dream of a unified African market took a giant leap towards reality following the signing in Cairo, Egypt, in June 2015 of a Tripartite Free Trade Area (TFTA), bringing together EAC, COMESA & SADC blocs. With South Africa and Egypt, two of Africa's leading economies, driving the 26-country TFTA participants, experts are now advocating for, among others, good governance and prudent macroeconomic policies to reap the full benefits of the agreement.

For several years, experts from the three largest trading blocs in Africa — the Southern African Development Community (SADC), the East African Community (EAC) and the Common Market for Eastern and Southern Africa (COMESA) — were locked in intense negotiations over a free trade agreement whose aim is to bring about a unified and liberalised single market. Read more. Source | Africa Report