African Continental Free Trade Area - What Does This Mean For Doing Business in Africa?
As African Union members state gathers in the city of Kigali, Rwanda to sign a pact(AfCFTA) that will form the largest single market in the world.As far back as January 2012, Heads of state and the principals of the African Union adopted a decision to establish a Continental Free Trade Area by an indicative date of 2017. The Summit also endorsed the Action Plan on Boosting Intra-Africa Trade (BIAT) which identifies seven priority action clusters: trade policy, trade facilitation, productive capacity, trade-related infrastructure, trade finance, trade information, and factor market integration.With about 35 countries signing this agreement form the beginning excluding the most populous country in Sub-Saharan Africa; this will create the largest single market globally, what does this mean for African businesses and the concept of 'Doing Business in Africa'African Continental Free Trade Area - What Does This Mean For 'Doing Business in Africa'?African Continental Free Trade Area - What Does This Mean For Doing Business in Africa?--- Support this podcast: https://anchor.fm/africanperspective/support