Ramaphosa to join other African leaders in signing the African Continental Free Trade Area Agreement
President Cyril Ramaphosa is joining other African leaders for the inauguration of what is billed as the world’s largest free-trade zone, due to take place on Wednesday, when heads of state in the African Union (AU) sign the African Continental Free Trade Area (AfCFTA) agreement. Presidents, prime ministers, high-level officials and private-sector stakeholders are all in Rwanda’s capital for the AU’s 10th extraordinary summit of the heads of state and government. The meeting includes a business summit of panel discussions to be held on Tuesday under the theme, "Leveraging the power of business to drive Africa’s integration". The AfCFTA looks to facilitate the free movement of goods and services as a precursor to the establishment of the African Customs Union. It features a host of measures and institutional frameworks to foster intra-Africa trade through the elimination of tariffs, the harmonisation of customs protocols, and the development of regional supply chains. "AfCFTA will ma...
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