Africa's Free Trade Economy
About This Event
Touted as an economic and globalization game-changer, the African Continental Free Trade Area (AfCFTA) agreement marks the dawn of a new era for the largest free trade area in the world, representing a combined GDP of $3.4 trillion. The World Bank estimates the AfCFTA will foster intra-African trade, diversify and transform the continent’s economy, defend vital human rights goals, advance the competitiveness of African industries on the global stage, and potentially lift up to 30 million Africans out of extreme poverty. But the 55-nation pact comes at a time when much of the world is turning away from global cooperation and free trade. If fully implemented, how will the trade agreement shape the continent and international trade? Africa’s first Secretary-General of the AfCFTA, H.E. Wamkele Mene, joins Council President's Club and leadership members to examine the agreement and its impact.
