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The African Free Trade Zone (AFTZ) is a free trade zone announced at the EAC-SADC-COMESA Summit on 22 October 2008 by the heads of Southern African Development Community (SADC), the Common Market for Eastern and Southern Africa (COMESA) and the East African Community (EAC). The African Free Trade Zone is also referred to as the African Free ...
The African Continental Free Trade Area (AfCFTA) [11] is a free trade area encompassing most of Africa. [12] [13] [14] It was established in 2018 by the African Continental Free Trade Agreement, which has 43 parties and another 11 signatories, making it the largest free-trade area by number of member states, after the World Trade Organization, [15] and the largest in population and geographic ...
The African Economic Community (AEC) is an organization of African Union states establishing grounds for mutual economic development among the majority of African states. [1] The stated goals of the organization include the creation of free trade areas , customs unions , a single market , a central bank , and a common currency (see African ...
The 29 tripartite member/partner countries represent 53% of the African Union's membership, more than 60% of continental GDP ($1.88 trillion), and a combined population of 800 million. [ 2 ] Negotiations between the three trade blocs first began in June 2011. [ 1 ]
The AfCFTA Dispute Settlement Mechanism is a mechanism established under the Protocol on Rules and Engagement on the settlement of disputes under the African Continental Free Trade Area (AfCFTA) agreement.
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Map of East African Community and Africa. On top of free trade amongst the members of the EAC, these Burundi, Kenya, Rwanda, South Sudan, Tanzania, and Uganda joined together with the other members of the African Union to form the African Continental Free Trade Area (AfCFTA). The AfCTFA was ratified on March 21, 2018, and it creates a single ...
An African producer can become a COFTA member by meeting certain criteria created by the organization in combination with the WFTO. To become an official Fair Trade Organization an individual or group must complete an application form, ratify with the Fair Trade code of practice, and provide a two-year trade history and legal standing accompanied by three referees who must be members of the WFTO.