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African leaders to unveil new common market bloc

Published on June 11, 2015

The leaders of 26 African countries gathered in Egypt on Wednesday to sign a new trade pact to create a common market across half the continent that will serve 625 million people.

The Tripartite Free Trade Area (TFTA) will cap five years of negotiations to set up a common framework for preferential tariffs that will ease the movement of goods across member countries.

The signing will take place at a summit hosted by Egyptian President Abdel Fattah al-Sisi in the Red Sea resort of Sharm el-Sheikh, where negotiators finished drafting the deal this week. Read more. Source | East African