Showing posts with label afcfta. Show all posts
Showing posts with label afcfta. Show all posts

Tuesday, November 5, 2019

Fact Check: Is the AfCFTA the World's Second Biggest Free Trade Area?

African Continental Free Trade Area countries: Map of AfCFTA members and signatories as of October 2019. Who has signed the AfCFTA, who has ratified the AfCFTA, and who has not signed. Updated for 28th ratification by Mauritius. Colorblind accessible.
The AfCFTA is planned to cover almost all of Africa, but doesn't yet.
The recently-created African Continental Free Trade Area (AfCFTA) now has 28 full member countries, with 26 more signed on to the project as future members.

That's a lot of members for a free trade area, and everyone seems to be calling it the "world's biggest free trade area since the WTO". But is that label really accurate?

(If you don't want to read the whole article, scroll down to the conclusion for a short summary.)

Monday, October 21, 2019

Mauritius Becomes Full Member of AfCFTA (Map)

African Continental Free Trade Area countries: Map of AfCFTA members and signatories as of October 2019. Who has signed the AfCFTA, who has ratified the AfCFTA, and who has not signed. Updated for 28th ratification by Mauritius. Colorblind accessible.
Map by Evan Centanni, from blank map by Eric Gaba. License: CC BY-SA

Mauritius Ratifies AfCFTA Treaty

Two months ago, we reported on this year's creation of the African Continental Free Trade Area (AfCFTA), an African Union (AU) project to increase trade within Africa. Almost all of Africa's countries have signed on to the AfCFTA, but they only become full members once they've ratified its founding treaty (adopted it into their national laws) and formally registered their ratification with the AU.

Monday, August 26, 2019

Map: What is the African Continental Free Trade Area (AfCFTA)?

There are newer versions of this map available. To see them, view all AfCFTA updates.

African Continental Free Trade Area countries: Map of AfCFTA members and signatories as of August 2019. Who has signed the AfCFTA, who has ratified the AfCFTA, and who has not signed. Colorblind accessible.
Map by Evan Centanni, from blank map by Eric Gaba. License: CC BY-SA

New Trade Bloc: What is the AfCFTA Agreement?

Despite being neighbors, most countries in Africa trade more with other continents than with each other - a peculiar leftover of colonialism that the African Union (AU) has long been looking to change. Last year, the organization's member countries finally came together and agreed on the creation of one of the world's most expansive "free trade areas". The new zone, called the African Continental Free Trade Area (AfCFTA), officially came into being on May 30, 2019, after a minimum threshold of 22 countries confirmed that they had copied its 2018 founding treaty into their national laws (a process called "ratification").