Please ensure Javascript is enabled for purposes of website accessibility
The Largest Free Trade Deal in Nearly a Quarter-Century Seeks to Make Africa a Single Market
News
By News
Published 5 years ago on
May 28, 2019

Share

[aggregation-styles]

The Largest Free Trade Deal in Nearly a Quarter-Century Seeks to Make Africa a Single Market

The U.S. ditched the Trans-Pacific Partnership, while across the Atlantic, the U.K. is trying to extract itself from the European Union and its single market.

But while free trade is under threat in much of the world, African countries are heading in the other direction: the continent is on track to create the largest free trade agreement by population that the world has seen since the 1995 creation of the World Trade Organization. That organization has 164 member countries.

On May 30, the African Continental Free Trade Area (AfCFTA) will become a reality. All but three of Africa’s 55 countries have signed up, creating a free trade area that covers more than a billion people and a collective GDP of over $2 trillion, and includes most of Africa’s largest economies, including South Africa and Egypt. If hold-outs Benin, Eritrea and Nigeria—Africa’s largest economy—join in, that’s a total of 1.2 billion people and $2.3 trillion in GDP.

Read More →

RELATED TOPICS:

DON'T MISS

Fresno Symposium to Focus on Water’s Impact on Farmland Values

DON'T MISS

Why Trump’s Deportations Will Drive Up Your Grocery Bill

DON'T MISS

Republicans Win 218 US House Seats, Giving Donald Trump and the Party Control of Government

DON'T MISS

Fresno State Alum Is New Dean of Health and Human Services College

DON'T MISS

Who Is Rep. Matt Gaetz, the Florida Congressman Donald Trump Picked to Serve as AG?

DON'T MISS

The Key Races to Watch: Nov. 13 Update

DON'T MISS

Feds Agree to Raise San Luis Reservoir: More Water for Farmers, Communities, Wetlands

DON'T MISS

Wired Wednesday: What Impact Does Deportation Have on the Central Valley?

DON'T MISS

How Will Election Winners Bredefeld and Chavez Fit in as Supervisors?

DON'T MISS

California Senate Leader Calls Union ‘Morally Bankrupt’ for Opposing a Vulnerable Democrat

UP NEXT

Rise of the Anti-“Woke” Democrat

UP NEXT

High-Level Saudi Visit Follows Multimillion-Dollar Foreign Influence Operation

UP NEXT

Iran and Russia Move to Fill Diplomatic Vacuum in Afghanistan

UP NEXT

Pelosi’s Husband Locked In $5.3 Million From Alphabet Options

UP NEXT

Experts Reportedly See Major Damage in Attack on Iran Centrifuge Plant

UP NEXT

Opinion: School Choice Marches Ahead

UP NEXT

Zakaria: Americans Care About History Because the Stakes Are High

UP NEXT

California Democrats Are Reliably Pro-Labor. But One Union Is Testing Their Patience.

UP NEXT

The Tightrope Walk Democrats Have Ahead on Two Separate Infrastructure Bills

UP NEXT

Bill Barr on Trump’s Election Fraud Claims: “It Was All Bullsh*t”

Fresno State Alum Is New Dean of Health and Human Services College

14 hours ago

Who Is Rep. Matt Gaetz, the Florida Congressman Donald Trump Picked to Serve as AG?

14 hours ago

The Key Races to Watch: Nov. 13 Update

14 hours ago

Feds Agree to Raise San Luis Reservoir: More Water for Farmers, Communities, Wetlands

15 hours ago

Wired Wednesday: What Impact Does Deportation Have on the Central Valley?

15 hours ago

How Will Election Winners Bredefeld and Chavez Fit in as Supervisors?

15 hours ago

California Senate Leader Calls Union ‘Morally Bankrupt’ for Opposing a Vulnerable Democrat

16 hours ago

R&B Concerts, Comedy, & Worship Take Center Stage This Weekend

16 hours ago

Speaker Mike Johnson Wins GOP Nomination to Remain in Job, Faces Full House Vote in New Year

16 hours ago

ICE Immediately Moves to Bolster Surveillance of Illegal Immigrants After Trump Win

16 hours ago

Fresno Symposium to Focus on Water’s Impact on Farmland Values

Access to a reliable water supply can make or break an agricultural investment, especially in the San Joaquin Valley where aquifers are comi...

2 hours ago

2 hours ago

Fresno Symposium to Focus on Water’s Impact on Farmland Values

A shopping cart outside a supermarket in Peoria, Ariz., on Oct. 2, 2024. (Jesse Rieser/The New York Times)
2 hours ago

Why Trump’s Deportations Will Drive Up Your Grocery Bill

10 hours ago

Republicans Win 218 US House Seats, Giving Donald Trump and the Party Control of Government

14 hours ago

Fresno State Alum Is New Dean of Health and Human Services College

Rep. Matt Gaetz, R-Fla., speaks at the Republican Party of Florida Freedom Summit, Nov. 4, 2023, in Kissimmee, Fla. (AP File)
14 hours ago

Who Is Rep. Matt Gaetz, the Florida Congressman Donald Trump Picked to Serve as AG?

14 hours ago

The Key Races to Watch: Nov. 13 Update

15 hours ago

Feds Agree to Raise San Luis Reservoir: More Water for Farmers, Communities, Wetlands

Wired Wednesday Cover, 11/13/24, KMPH Screengrab
15 hours ago

Wired Wednesday: What Impact Does Deportation Have on the Central Valley?

Search

Send this to a friend