The African Union (AU) Commissioner for Trade and Industry Albert Muchanga on Sunday said he expected the African Continental Free Trade Area (AfCFTA) to formally launch operations in July this year. Speaking during a press conference on the sidelines of the 32nd Ordinary Session of the Assembly of the AU in the Ethiopian capital Addis Ababa, Muchanga said the formal start of operations of the AfCFTA is expected to be launched during another AU summit to be held in Niamey, capital of Niger in July.
“We have 12 African countries that have deposited the instrument of ratification at the AU, before the end of the summit we expect two more countries to ratify the agreement,” he said. Read more. Source | New Times