Asanda Matlhare
Intern Journalist
3 minute read
25 May 2021
10:29 pm

Will Africa become a free-trade behemoth?

Asanda Matlhare

It would connect 1.3 billion people across 55 countries with a combined GDP valued at about R47 trillion.

Trade and Industry Deputy Minister Fikile Majola, centre. Picture: GCIS

The African Continental Free Trade Area (ACFTA) may become the largest free trade area in the world with the inclusion of several more countries. It would connect 1.3 billion people across 55 countries with a combined GDP valued at about R47 trillion. But Deputy Minister of Trade and Industry Fikile Majola, speaking on Africa Day on Tuesday, noted that to make the largest free trade zone in the world a reality, significant policy reforms and trade facility measures were necessary. “The start of trade under the ACFTA was a major achievement for the continent. “It was a catalyst for boosting...