Africa Making Moves :Leaders Launch A 55 Nation Free Trade Zone!!

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African leaders launch landmark 55-nation trade zone

5h ago

• Africa's future – more than free trade[/paste:font]
  
  AU commission chairman Moussa Faki dubbed the African Continental Free Trade Area (AfCFTA) deal a "historic" moment.
  
  Read more: Africa's vision for the future – much more than a free trade deal
  
  Fifty-four out of 55 AU member states agreed to the deal in March, with only Eritrea holding out. It took African leaders four years to reach an agreement on the continental free-trade zone, which is expected to usher in a new era of development in Africa

The AfCFTA is the largest trade bloc since the creation of the World Trade Organization in 1994.

Focus on Africa
"The eyes of the world are turned to Africa," Egyptian President and AU chairman Abdel-Fattah el-Sissi said at the summit's opening ceremony on Sunday.

"AfCFTA will reinforce our negotiating position on the international stage. It will represent an important step," he added.

Read more: Egypt President Abdel-Fattah el-Sissi takes over chair of African Union

'AfCFTA will represent an important step,' says AU chairman el-Sissi (L)
The African free-trade bloc will help boost the continent's long-stymied economy by strengthening interregional trade and supply chains.

The free-trade zone should be operational from July 2020, AU trade and industry commissioner Albert Muchanga told the AFP news agency


African leaders launch landmark 55-nation trade zone | DW | 07.07.2019

 

[TELL ME YA CHEESIN FAM?]

@The Odum of Ala Igbo

 

[you're NOT "n!ggas"]

the time is here

 

[TELL ME YA CHEESIN FAM?]

the time is here

 

[Moody]

This is huge. Potentially 5 trillion dollars fully connected under one trade agreement.

There needs to be a manufacturing mandate but that's what these west African countries are pushing for.

Countries like Botswana could conceivably triple their gdp because they have established mining processes. Rejoice.

 

[TEH]

Can’t kill the spirit of slain leaders


Non African leaders must be fuming right now

 

[Moody]

Also west Africa removing their France pegged and dependant currency for a centralized one was essentially revving up for this very situation. Gotta keep the Chinese wolves of our collective backs but so far this is the kind of agreement I've been waiting for.

Gotta comb through the specifics. So far it does not include a manufacturing mandate so that's of utmost importance.

 

[TELL ME YA CHEESIN FAM?]

Also west Africa removing their France pegged and dependant currency for a centralized one was essentially revving up for this very situation. Gotta keep the Chinese wolves of our collective backs but so far this is the kind of agreement I've been waiting for.

Gotta comb through the specifics. So far it does not include a manufacturing mandate so that's of utmost importance.

They need to spend millions improving the Transportation and communication infrastructures first
China ain't gonna like none of this

 

[newworldafro]

 

[newworldafro]

https://www.thecoli.com/threads/african-diaspora-business-development-thread.505141/

 

[Moody]

They need to spend millions improving the Transportation and communication infrastructures first
China ain't gonna like none of this

They won't but what choice do they have. Africa finally showing self reliance is a threat to most nations. Especially once they collectively find education and manufacturing initiatives. It's a rap then.

 

[get these nets]

There needs to be a manufacturing mandate but that's what these west African countries are pushing for.

exactly....you have the resources/raw materials.....if you can manufacture/process ...you reduce the role of outsiders on your economy.

 

[Secure Da Bag]

I'm a cynic, unfortunately. But let's see if China and Europe don't use this free trade bloc to dump their goods into Africa tariff-free.

Otherwise, theoretically, it's a good first step.

 

[Apollo Creed]

Africa and Africans

 

[TELL ME YA CHEESIN FAM?]

Let's get a few African AliExpress crackin'

 

[Majestic]

Also west Africa removing their France pegged and dependant currency for a centralized one was essentially revving up for this very situation. Gotta keep the Chinese wolves of our collective backs but so far this is the kind of agreement I've been waiting for.

Gotta comb through the specifics. So far it does not include a manufacturing mandate so that's of utmost importance.

wait, what? when did this happen?