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dc.description.abstractThe Continental Free Trade Area (CFTA) will cover an African market of 1.2 billion people and a gross domestic product (GDP) of $2.2 trillion, across all 55 member states of the African Union. In terms of numbers of participating countries, the CFTA will be the world’s largest free trade area since the formation of the World Trade Organization (WTO). The CFTA is a tool for development in Africa but it must be wielded by private enterprise. Through doing so, businesses can benefit from the great opportunities that the continent has to offer, and contribute to its sustainable growth and development. The CFTA will progressively eliminate tariffs on intra-African trade, making it easier for African businesses to trade within the continent and cater to and benefit from the growing African market. The CFTA, however, goes beyond traditional trade agreements that merely reduce tariffs. It also liberalizes services trade. This is crucial services constitute roughly 70 per cent of global GDP and 60 per cent of employment. Negotiations were launched by the African Union Heads of State and Government in June 2015. By early 2017, negotiations were humming along at a good speed. An African Union Heads of State and Government Summit now stands ready to adopt the CFTA Agreement at an extraordinary meeting scheduled to take place in March 2018.en
dc.titleGiant trade agreement for development in Africa : the continental free trade areaen
ags.publisherPlaceAddis Ababaen
ags.publisherNameUN. ECAen
dc.date.accessioned2018-04-05T08:41:55Z
dc.date.available2018-04-05T08:41:55Z
dc.date.issued2018-01
dc.format.extent6 p.
dc.languageeng
dc.typePolicy paper
uneca.subject.fulltaxonomyUNBIS::DEVELOPPEMENT ECONOMIQUE ET FINANCEMENT DU DEVELOPPEMENT::DEVELOPPEMENT::INTEGRATION ECONOMIQUE
uneca.subject.fulltaxonomyUNBIS::DESARROLLO ECONOMICO Y FINANCIACION DEL DESARROLLO::DESARROLLO::INTEGRACION ECONOMICA
uneca.subject.fulltaxonomyUNBIS::COMMERCE INTERNATIONAL::COMMERCE INTERNATIONAL ET POLITIQUE COMMERCIALE::MARCHES COMMUNS
uneca.subject.fulltaxonomyUNBIS::COMERCIO INTERNACIONAL::COMERCIO INTERNACIONAL Y POLITICA COMERCIAL::MERCADOS COMUNES
uneca.subject.fulltaxonomyUNBIS::COMMERCE INTERNATIONAL::COMMERCE INTERNATIONAL ET POLITIQUE COMMERCIALE::ZONES DE LIBRE-ECHANGE
uneca.subject.fulltaxonomyUNBIS::COMERCIO INTERNACIONAL::COMERCIO INTERNACIONAL Y POLITICA COMERCIAL::ZONAS DE LIBRE COMERCIO
uneca.subject.fulltaxonomyUNBIS::COMMERCE INTERNATIONAL::COMMERCE INTERNATIONAL ET POLITIQUE COMMERCIALE::ACCORDS COMMERCIAUX
uneca.subject.fulltaxonomyUNBIS::COMERCIO INTERNACIONAL::COMERCIO INTERNACIONAL Y POLITICA COMERCIAL::CONVENIOS COMERCIALES
uneca.subject.fulltaxonomyUNBIS::DESCRIPTEURS GEOGRAPHIQUES::AFRIQUE::AFRIQUE
uneca.subject.fulltaxonomyUNBIS::DESCRIPTORES GEOGRAFICOS::AFRICA::AFRICA
uneca.classification.fulltaxonomySubject Categories::COMMERCE INTERNATIONAL::07.01.00 COMMERCE INTERNATIONAL ET POLITIQUE COMMERCIALE
uneca.classification.fulltaxonomySubject Categories::COMERCIO INTERNACIONAL::07.01.00 COMERCIO INTERNACIONAL Y POLITICA COMERCIAL
uneca.workflow.processedtrue
ags.creatorCorporateUnited Nations. Economic Commission for Africa. Regional Integration and Trade Division. African Trade Policy Center
ags.subjectThesaurusECONOMIC INTEGRATION
ags.subjectThesaurusCOMMON MARKETS
ags.subjectThesaurusFREE TRADE AREAS
ags.subjectThesaurusTRADE AGREEMENTS
ags.subjectThesaurusAFRICA
ags.subjectThesaurusINTEGRATION ECONOMIQUE
ags.subjectThesaurusINTEGRACION ECONOMICA
ags.subjectThesaurusMARCHES COMMUNS
ags.subjectThesaurusMERCADOS COMUNES
ags.subjectThesaurusZONES DE LIBRE-ECHANGE
ags.subjectThesaurusZONAS DE LIBRE COMERCIO
ags.subjectThesaurusACCORDS COMMERCIAUX
ags.subjectThesaurusCONVENIOS COMERCIALES
ags.subjectThesaurusAFRIQUE
ags.subjectThesaurusAFRICA
ags.subjectClassification07.01.00 GENERAL INTERNATIONAL TRADE AND TRADE POLICY
ags.subjectClassification07.01.00 COMMERCE INTERNATIONAL ET POLITIQUE COMMERCIALE
ags.subjectClassification07.01.00 COMERCIO INTERNACIONAL Y POLITICA COMERCIAL
ags.availabilityNumberb11883406
ags.availabilityNumber2018
ags.availabilityLocationECA-HQ
ags.rights.termsofusepublic
ags.JNb11883406
uneca.language.supporteden


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