With the world’s biggest common market is African growth assured?
The African free trade is coming into force, propelling the continent to the top table of world economic affairs by creating the worlds largest free trade area by member states.
The African Union will be a continent-wide market of 1.2 billion people worth $3.4 trillion.
Now at last Africa can compete and develop, but the fly in the ointment is the absence of Africa's largest economy, Nigeria. Will Africa use this historic opportunity to grow or will petty in-fighting and external obstacles scupper the continents big chance to grow and develop?
The African Continental Free Trade Area (AFCFTA) is a massive instrument for continental development bringing together hundreds of millions of people and a combined GDP of $3.4 trillion under a single continental market for goods and services, including free movement of business people and investments.
There are still questions to be answered about the practical application of what is a sound theoretical trade model but when the AfCFTA is officially launched at the July AU Summit, will it all be smooth sailing?
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