Title What are the benefits of AfCFTA?
Description

  • The AfCFTA will provide a global market for free trade of goods  for  SMEs and create new industries and opportunities for investment, placing the continent in a more favourable position globally.

  • The AfCFTA will reduce market fragmentation and create a single market allowing African countries to be in a better position to negotiate prices, which in turn will better position the continent as a viable economic partner on the world stage.

  • Both businesses and governments will have the ability to tap into various talent from different parts of the continent upon the AfCFTA

  • Individuals will have a greater opportunity to seek employment and education opportunities in other parts of the continent.

  • The agreement will enhance the competitiveness of the economies of State Parties in the global market, resolve the challenges of multiple and overlapping memberships and expedite the regional and continental integration processes.

  • Increase employment and investment opportunities

  • Increase local content and development of regional value chains

  • Improve infrastructure and connectivity

  • Collaboration in the development of joint infrastructure to facilitate intra-African business, especially MSMEs, women and youth

  • Address the problem of Multiple Membership
Category The Africa Continental Free Trade Area